Asia-Pacific markets are expected to open mixed after Fed Chair Jerome Powell said the central bank will not wait until inflation hits 2% to cut interest rates.
Asia-Pacific markets are set to open mixed on Tuesday following a slew of political and economic news from the U.S.
Traders will also look for developments from China's Third Plenum, where high local government debt levels and a push for advanced manufacturing will be on the agenda.Powell indicated that central bank is looking for"greater confidence" that inflation will drop to the 2% level, citing"long and variable lags" in policy effects.will lead to big gains for the party and friendlier fiscal policies pushed the Dow Jones Industrial Average to close at fresh highs.
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