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Institution: Asian stock markets big dump, the market is eager for a rapid interest rate cut in the US.

GoldenOctober2024

2025-04-07 02:00:17

TRUMP2.89%

Jin10 data April 7 news, major Asian stock indices plummeted on Monday, as White House officials showed no signs of abandoning their comprehensive tariff plans, with investors betting on rising risks of a U.S. economic recession, with rate cuts possible as early as May. The futures market quickly reflected expectations of nearly five rate cuts of 25 basis points each this year in the U.S. Sydney ITC Markets senior forex analyst Sean Callow stated: "The only real circuit breaker is President Trump's remarks, and there is hardly any sign that the market's selling has troubled him enough to reconsider the policy stance he has believed in for decades." Previously, investors believed that the trillions of dollars in wealth loss and the potential severe impact on the economy would prompt Trump to reconsider his plans.

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