4tb6y19345kh9{]f69h[p5q5_media_dl_1.png Bloomberg, NYMEX

(Bloomberg) — Asian stocks were poised for a muted open, with a slide in big tech snapping the S&P 500’s three-day winning streak and mixed signals from Federal Reserve Chair Jerome Powell and other officials muddying the outlook for interest-rate cuts.

Equity-index futures pointed to modest losses in Sydney and a flat start in Japan and Hong Kong, where markets are due to open even as the financial hub braces for Typhoon Ragasa. Treasuries gained as Powell warned that risks persist in both the labor market and inflation, reiterating that policymakers face a difficult path as they weigh further easing.

“Powell doesn’t want to antagonize the White House but he’s not rolling over either,” said David Russell at TradeStation. “He’s

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