Asian Markets Rally to Peaks as Fed Policy Boosts Confidence

Asian markets are on fire right now. We’re seeing Japan, South Korea, Taiwan, and others hit record highs. Why? Hopes are growing that the U.S. Federal Reserve will cut interest rates soon. Investors are breathing easier. Softer U.S. inflation and signs of a cooling jobs market suggest the Fed might ease its tight stance. That makes money cheaper, riskier assets more attractive, and non-U.S. markets especially appealing.