Global Markets: Asian stocks in limbo as dollar takes the lead
Markets are leaning toward a half-point hike in September and a one-in-three chance of 75 basis points (bp). Rates are seen peaking at least 3.5%, though some Fed members are arguing for 4% or more. “There are no signs that the labour market or inflation data are slowing sufficiently for the Fed to declare victory on inflation,” said Brian Martin, head of G3 economics at ANZ.
