Market Views: What could the Fed rate cut mean for Asian markets?

Following Federal Reserve Chair Jerome Powell’s dovish signal at Jackson Hole, the US central bank cut its benchmark interest rate by 25 basis points on September 17, lowering the federal funds rate to a range of 4.00%–4.25%. The decision underscored mounting concerns over a softening US labour market and persistent economic uncertainty, despite inflation remaining above the Fed’s 2% target.