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Asia stocks retreat after Fed tempers aggressive rate cut expectations

06 June, 2019 8:58 am 8:58 am

TOKYO (Reuters) – Asian stocks retreated on Wednesday and the dollar inched up from three-month lows after Federal Reserve officials tempered expectations in the markets for aggressive monetary easing. Fed Chair Jerome Powell on Tuesday said the central bank is “insulated from short-term political pressures,” pushing back against US President Donald Trump’s demand for a … Read More