By Rae Wee
SINGAPORE (Reuters) -Asian stocks staged a tentative rebound on Wednesday, helped by dovish comments from Federal Reserve Chair Jerome Powell and upbeat bank earnings on Wall Street, though simmering U.S.-China trade tensions kept a lid on risk appetite.
Powell left the door open to further rate cuts on Tuesday and said the end of the central bank’s long-running effort to shrink the size of its holdings may be coming into view.
His comments, viewed by some as dovish, lifted markets slightly and reinforced expectations of more easing this year, with roughly 48 basis points worth of cuts priced in by December.
“The Fed may soon be looking to conclude (quantitative tightening) with an announcement at its upcoming October FOMC meeting possible,” said Tom Kenny, senior internatio