Asian Stocks Advance on US Fed Rate Cut, Powell's Optimism

• Asian stocks advanced after the US Federal Reserve cut interest rates for the third consecutive time.
• Fed Chair Jerome Powell expressed optimism that the US economy will strengthen as the inflationary impact from tariffs fades.
• The MSCI Asia Pacific Index rose 0.5%, while the S&P 500 gained 0.7% and the Russell 2000 jumped 1.3%.
• The Fed maintained its outlook for just one rate cut in 2026 but upgraded its median outlook for growth.
• Nasdaq 100 futures dipped slightly due to disappointing results from Oracle Corp.

Why It Matters: US Fed rate cut affects global markets, influencing your investments.