By Rae Wee
SINGAPORE (Reuters) -Asian stocks fell broadly on Thursday, while longer-dated U.S. bond yields rose alongside the dollar as investors assessed the monetary policy and inflation outlook in the world’s largest economy.
steadied above $90,000 after having surpassed that level in the previous session, turbocharged by Donald Trump’s return to the White House and the view that his administration will be a boon for cryptocurrencies.
The world’s largest cryptocurrency last traded 1.6% higher at $90,067, having already soared more than 30% on a two-week rolling basis.
In the broader market, traders responded to a U.S. inflation print that was in line with expectations by ramping up bets on a Federal Reserve rate cut next month, though the monetary policy outlook for 2025 and beyond was clouded by Trump’s return to office.
Trump’s plan for lower taxes and higher tariffs are expected to stoke inflation and reduce the Fed’s scope…
