Asia-Pacific markets started the week higher after the New York Federal Reserve President signaled that a third rate cut could happen this year.

On Friday, New York Federal Reserve President John Williams suggested the Fed could lower its key interest rate from here as labor market weakness poses a bigger economic threat than higher inflation.

The Fed has just one meeting left for 2025, which will take place on Dec. 9-10 stateside. The target rate is currently at 3.75% to 4.00%.

Fed funds futures are currently pricing in around a 70% chance of a quarter percentage point cut, according to the CME FedWatch tool .

Last week, Asian markets declined across the board as traders fled from tech stocks, with heavyweights like Softbank, Samsung Electronics and Baidu falling.

South Kore

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