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Until the Fed decides to start cutting interest rates, potential homebuyers may stay on the sidelines. But will that cut be soon?

Asian stocks opened lower amid speculation investors are trimming some of their holdings before a rush of events in coming days including major central bank decisions, key economic data and earnings from US megacap companies. Equities slipped in Japan and Australia in early trading, while futures signaled a decline in Hong Kong. US stock futures edged lower in Asia hours following a rotation in the American shares that drove the Nasdaq 100 to the brink of a correction. The S&P 500 closed little changed and small caps slipped.

While Federal Reserve officials aren’t likely to change interest rates in the coming week, their meeting will nonetheless be one of the most consequential in a while. At each of their four meetings this year, interest-rate cuts have been a question for later. This time, though, inflation and labor-market developments should allow officials to signal a cut is very possible at their next meeting, in September.

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The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates this fall

Gold prices slipped on Friday, but were on track for a fourth straight weekly gain as expectations that the Federal Reserve was likely to cut U.S. interest rates in September lifted appeal for non-yielding bullion. FUNDAMENTALS

Having survived an assassination attempt, and shown defiance and fighting spirit while under attack, former US president Donald Trump has improved his chances of beating a frail-looking Joe Biden, who struggles to convince American voters that he retains the mental acuity to continue in office for another term. Should Trump emerge as the 47th President of the US, as is highly likely, global geopolitical and geoeconomic conditions would swiftly change, given his economic policy plan announcements. This will impact India directly and indirectly through the global spillovers.

Wall Street Journal chief economics correspondent Nick Timiraos says the balance of risks have been shifting for the Federal Reserve on 'The Claman Countdown.'

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, has extended its winning streak, climbing above $65,500 and reaching an intra-day high of around $66,000, suggesting bullish Bitcoin price prediction.

Chair Jerome Powell said the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point

Gold prices jumped to an all-time peak on Wednesday, driven by mounting hopes of a U.S. interest rate cut in September after recent comments from Federal Reserve officials. Spot gold was up 0.5% at $2,479.75 per ounce, as of 0158 GMT, after hitting a record peak of $2,481.09 earlier in the session. U.S. gold futures gained 0.6% to $2,482.00.

dollar, prompting more warnings from Japanese officials after last week's suspected intervention. Federal Reserve Chair Jerome Powell said at an event on Monday that recent inflation data bolstered policymakers' confidence that price pressures are on a sustainable path lower.

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Gold prices advanced Tuesday, on track for a record close as rising expectations of a September interest rate cut bolstered demand for bullion.

Gold prices rose on Tuesday as comments from Federal Reserve Chair Jerome Powell bolstered the case for a September rate cut, while investors awaited more U.S. economic data for further monetary policy cues. Spot gold gained 0.8% to $2,440.29 per ounce by 1207 GMT. The bullion hovers only slightly below the record high of $2,449.89 hit on May 20.

inflation data is allowing the Federal Reserve to begin a «very reasonable» shift toward easing rates, but a still-strong U.S. labor market means that there's no rush to make decisions, International Monetary Fund chief economist Pierre-Olivier Gourinchas told Reuters. Gourinchas said in an interview accompanying the release of new IMF growth forecasts on Tuesday it is better for the Fed to wait a bit longer to ensure there are no further upside surprises on inflation like those in the first quarter that delayed expected rate cuts to later this year. «Given the good news on inflation, it's very natural that the Federal Reserve is now starting to look at what's happening in the labor market and wanting to make sure that they don't overdo it» with tight monetary policy, Gourinchas said.

European stocks fell and US equity futures pared earlier gains as disappointing corporate earnings weighed on sentiment.

JPMorgan Asset Management Chief Market Strategist Gabriela Santos analyzes the Federal Reserve's decision making on 'The Claman Countdown.'

Federal Reserve Chair Jerome Powell bolstered the case for a rate cut in September, while cryptocurrenices gained on rising odds of former President Donald Trump getting reelected. Powell said on Monday the three U.S. inflation readings over the second quarter of this year «add somewhat to confidence» that the pace of price increases is returning to the Fed's target in a sustainable fashion.

Powell participates in a discussion at the Economic Club of Washington, D.C.

Fed Chair Jerome Powell said on Tuesday in congressional testimony. In comments that appeared to show increasing faith that inflation will return to the Fed's target, a requirement for easing monetary policy, Powell compared the lack of progress on that front in the first months of the year to recent improvement that has helped build the Fed's confidence that price pressures will continue to diminish. As well, the chair noted, the Fed is now also concerned about risks to the job market and economy should rates remain too high for too long.