BANGKOK (AP) — Asian shares advanced on Monday, tracking Wall Street’s rally after the head of the Federal Reserve hinted that cuts to interest rates may be on the way .

Fed chair Jerome Powell said Friday in a speech to an annual conference in Jackson Hole, Wyoming, that he's seen risks for the job market. A surprisingly weak report on job growth this month has led many traders to expect a rate cut as soon as the Fed's next meeting in September, after months of pressure from President Donald Trump for lower rates.

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