💨 Abstract

Asian shares struggled on Thursday, with Chinese markets leading the decline, despite expectations of two rate cuts from the Federal Reserve this year. The Fed maintained its projection for two rate cuts by the end of the year, but upped its inflation forecast and marked down its growth outlook due to tariff policies. Investors took comfort from the Fed's assurance that tariff-driven inflation will be temporary. Australian shares rose 1%, while U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖