Asia FX steady as Fed cut bets rise; Aussie gains on hot CPI, Kiwi jumps post RBNZ

Spot gold prices have edged higher amid rising expectations for a Federal Reserve interest rate cut, following dovish comments from policymakers, as reported by ANZ. This upward movement reflects a growing sentiment among investors seeking safe-haven assets in uncertain economic conditions.

Wall Street concluded the trading session on a high note, driven by increasing expectations for a Federal Reserve interest rate cut in December. This positive sentiment was reflected in the performance of major indices, particularly following a rebound in technology stocks.

Kevin Hassett has emerged as the leading candidate for the position of Federal Reserve Chair, a development that could influence the U.S. dollar's value according to investors. This news follows reports of increased expectations for a potential interest rate cut by the Fed, which could further impact market dynamics.

U.S. Treasury yields remained mixed as markets approach the holiday season, with traders increasingly betting on a potential interest rate cut by the Federal Reserve in December. This sentiment reflects a cautious optimism among investors amid ongoing economic uncertainties.

Kevin Hassett, a longtime advisor to former President Donald Trump, has reportedly emerged as the leading candidate for the position of Federal Reserve chair, with Treasury Secretary Scott Bessent indicating a potential announcement by Christmas. This development highlights the ongoing discussions surrounding the future leadership of the Fed and its implications for U.S. monetary policy.

U.S. stock futures indicated a higher open as global markets rose, following broad gains on Wall Street. This positive momentum is attributed to delayed economic data that has increased expectations for a potential interest rate cut by the Federal Reserve next month.

Kevin Hassett has emerged as the leading candidate for the position of Federal Reserve Chair, according to a report from Bank of America (BofA). This development comes amid ongoing discussions about the future direction of U.S. monetary policy and the Fed's approach to interest rates.

Wall Street futures have shown a positive trend as optimism grows regarding a potential interest rate cut by the Federal Reserve in December, coinciding with the Thanksgiving week. This follows a period of volatility in the markets, particularly affecting technology stocks.