The Fed’s 25-basis-point rate cut last week, described as cautious by most Federal Open Market Committee members, reinforced expectations of a gradual easing path. Governor Stephen Miran stood out with a more divergent view, but the overall tone remained neutral.

In commodities, gold prices held firm around $3,685 during Asian trading on Monday, buoyed by the Fed’s September cut. Chair Jerome Powell called the move a “risk-management cut,” adding that policy adjustments would depend on incoming data and be decided “meeting by meeting.” 

Take a look at today's financial news for more updates.