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International Business Times
International Business Times
World
AFP News

Asian Markets Rise Ahead Of Fed Chief's Congress Testimony

Markets are awating Fed chair Jerome Powell's testimony to Congress from Tuesday for indications as to when the US central bank will start cutting rates (Credit: AFP)

Asian markets rose Tuesday following gains in US stocks and ahead of Fed chief Jerome Powell's testimony to Congress which will be closely watched for any hints on the timing of rate cuts.

The US central bank has held interest rates at the highest levels in more than two decades to bring inflation down to its long-term two percent target without doing too much damage to either the labour market or the broader economy.

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