Asian stocks generally rose and bond yields fell on weakening expectations of Federal Reserve interest rate hikes.
New York Fed President John Williams said on Tuesday that the Federal Reserve is in no hurry to raise interest rates, suggesting a potential wait until December, which eased market expectations for another rate hike next month. Following these remarks, Asian equities broadly rose on Wednesday, bond yields declined, and the upward trend in U.S. Treasury yields paused, boosting market risk appetite.
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