[SINGAPORE] Asia markets are likely to face short-term pressure from the US Federal Reserve’s latest interest rate cuts, but expectations are already priced in, analysts said.
The Federal Open Market Committee (FOMC) lowered interest rates by 25 basis points for the second straight time on Wednesday (Oct 29). The latest moves come on the heels of six consecutive meetings prior where rate cuts were paused.
“Short-term pressure on Asian markets is likely, given the rebound in the US dollar and bond yields,” said Tai Hui, Asia-Pacific chief market strategist at JP Morgan Asset Management (JPMAM).
