GLOBAL MOOD: Risk-OnDrivers: Powell’s Jackson Hole Speech, Russia-Ukraine Peace UncertaintyAsian markets kicked off in risk-on mode, tracking Wall Street’s rally after Fed Chair Jerome Powell signaled the door is open for September rate cuts at Jackson Hole. Traders now price in an 84% chance of easing, though officials remain cautious, citing inflation risks from tariffs. Focus shifts to upcoming US inflation data for confirmation.
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