The Fed Has Paused, But Asian Investors Face a Bigger Problem: AI Spending and Expensive Energy
For much of the past two years, investors have been conditioned to watch one number: US interest rates. When the Federal Reserve raises rates, borrowing costs increase, liquidity tightens and valuations of income-producing assets come under pressure. When it cuts rates, investors typically anticipate a recovery in bonds, property stocks and dividend-paying equities. But that






