Most Asian markets rose Thursday as traders welcomed the Federal Reserve's third straight interest rate cut, though the euphoria was tempered by an indication officials could hold off another reduction any time soon.

While the move had been priced in for several weeks, investors were cheered by the fact that bank boss Jerome Powell was "less hawkish" in his post-meeting remarks.

The latest cut in borrowing costs -- to their lowest level in three years -- comes as monetary policymakers try to support the US jobs market, which has been showing signs of weakness for much of the year.

Concern about the labour market has offset persistently high inflation, with some decision-makers confident the impact of Donald Trump's tariffs on prices will ease over time.

After a positive lead from Wall

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