Asia markets poised for mixed open as Wall Street sees tech rally

Fed officials feeling less urgency for another rate hike, WSJ report says

Federal Reserve officials are growing less certain about the need for more interest rate hikes, marking a significant shift in their inflation-fighting policy, according toThe central bank's rate-setting Federal Open Market Committee is still likely to pass on an increase at its meeting next week while indicating that one more move is likely before the end of the year.

However, as inflation data has improved, the willingness of committee members to do too much to fight inflation as opposed to too little is beginning to shift, the report states. In recent statements, a number of officials say the balance of risks has shifted and they are now feeling less urgency to tighten.

Market pricing points to a 44.6% chance of a final rate hike at the November meeting, according to CME Group data.Morgan Stanley Adam Jonas and top auto analyst is convinced Tesla's autonomous driving supercomputer is the next catalyst for massive growth. The analyst upgraded Tesla stock to overweight from equal weight in a Sunday note, and now forecasts more than 60% upside. Jonas says the company's supercomputer project, Dojo, could add as much as $500 billion in company value as Tesla continues its own vertical integration.

Source: Financial Digest (financialdigest.net)

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