Bitcoin hovered around $90,000 on Tuesday while Asian stocks slipped, as traders grew uneasy about how quickly the US Federal Reserve will cut rates after a widely expected move this week.
MSCI Inc.’s gauge of Asia Pacific shares outside Japan fell about 0.2% as benchmarks in Korea, Japan and Australia opened in the red.
US stock futures moved slightly higher, offering a small offset after the S&P 500 lost 0.3% on Monday and US Treasuries joined a broader global bond sell-off. Australian bond yields climbed ahead of a monetary policy decision later in the day.
Markets Adjust As Traders See Fewer Cuts Ahead Amid Fed Uncertainty
The Fed meets on Wednesday and is widely expected to deliver a 25 basis-point rate cut, a step that traders have treated as nearly certain for days. The real debate now centres on what comes next, with investors increasingly nervous that policymakers will signal a “slower pace” of easing in the months ahead.
Still high inflation and a lack of fresh data during the government shutdown have fed “divisions” inside the Fed, according to some investors and analysts
He added that Trump is expected to announce his pick for Fed chair in early 2026, with Senate approval to follow and the new chair taking over in May 2026 after Powell.
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