Page 11 - He Fed News Today : Breaking News, Live Updates & Top Stories | Vimarsana

While Asia's beaten down stock markets could use a clean slate in February they must first contend with Wall Street's negative reaction to the on Wednesday. Asia gets its chance to trade on the Fed Thursday and then pivot to Friday's U.S. payrolls report, which it will digest on Monday. U.S. stocks extended losses and Treasury yields fell after the Fed's statement, which dropped language suggesting further hikes could be in the offing but, disappointingly, all but ruled out that a rate cut would come at the next meeting in March.

The Federal Reserve is expected to continue its pause on interest-rate hikes this week, with cuts likely to come later this year.

Trying to time the housing market to lock in a low mortgage rate is a "waste of energy", Redfin's chief economist said.

Asian markets opened the week on a positive note, with Chinese regulators announcing measures to support the country’s teetering stock markets while heavily indebted property developer China Evergrande was ordered to undergo liquidation. China's securities regulator announced on Sunday that beginning Monday, China will suspend the lending of specific shares for short selling, a move to support the country’s declining stock markets. The Hang Seng in Hong Kong added 0.9% % to 16,102.02 and the Shanghai Composite index was up 0.3% at 2,918.81.

While the rise of remote work has slammed the office market, high interest rates have pushed commercial real estate to the brink of a massive default.