Federal Reserve Chair Jerome Powell said the central bank will not wait until inflation hits 2% to cut interest rates.
Asia-Pacific markets open mixed on Tuesday following a slew of political and economic news from the U.S.
The blue-chip Dow also reached a new intraday high, advancing 0.53% to close at 40,211.72. Similarly, The S&P 500 added 0.28% to 5,631.22, while the, Goldman Sachs lowered its forecast for China's full-year gross domestic product to 4.9% from 5%, while JPMorgan cut its predictions from 5.2% to 4.7%.
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