Investor caution regarding upcoming details on Chinas economic stimulus plans dampened Chinese stocks while other Asian markets rose and US markets showed resilience despite persistent inflation concerns.
President Bidens economic performance receives high marks due to a robust recovery from inflation-driven weakness, particularly in employment, manufacturing, and GDP growth.
The Federal Reserve, responding to easing inflation and seeking to bolster economic recovery, is pivoting from its aggressive interest rate hike strategy towards a period of potential rate reductions.