Australian stock futures see-sawed on Thursday after Federal Reserve chairman Jerome Powell admitted he would like to see further progress on inflation and a slew of US technology names produced mixed fourth quarter results.
ASX futures slipped 5 points just before 8.30am AEDT. On Wall Street, markets see-sawed – reporting losses, then paring those losses, and losing ground anew – as Powell’s press conference unfolded. The Federal Reserve announced on Thursday it would keep its funds rate steady at the 4.25 per cent to 4.5 per cent range at its January meeting.
Source: https://www.afr.com/markets/equity-markets/asx-futures-edge-higher-as-fed-statement-awaited-20250130-p5l873