Asia-Pacific markets mostly fall as Trump fires Fed Governor Lisa Cook

Nikkei 225, Kospi, Bank of Japan

People crossing the street in Shibuya, Tokyo. Maydays | Moment | Getty Images Japan’s benchmark Nikkei 225 index pared gains to fall 0.59% Friday, after the Bank of Japan kept its policy rate steady at 0.5%, in line with the forecast from a Reuters poll of economists. The benchmark index had hit a fresh record…

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The Fed's rate cut masked large internal differences about where policy is going

The Fed’s rate cut masked large internal differences about where policy is going

The Federal Reserve found plenty of unity this week to push through a quarter percentage point interest rate reduction, a decision that nonetheless masked substantial divisions among officials over what’s ahead. Countering Wall Street expectations for multiple dissents, the rate-setting Federal Open Market Committee on Wednesday voted 11 to 1 in favor of the reduction….

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