TOKYO – Asian markets have an ace in the hole as a tumultuous 2025 comes to a close: Jerome Powell.
On Thursday, the region’s stock bourses rose again, extending the week’s global rally, amid widespread expectations that US Federal Reserve Chair Powell and his fellow board members will cut rates on December 10.
The Fed’s announcement of a third successive easing move, the thinking goes, would allay fears that valuations are overstretched amid the AI boom. Yet is Asia’s faith in the so-called “Powell put” overdone?
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