US Federal Reserve chair Jerome Powell’s comments that it was time to start cutting rates lifted global markets on Friday and the ASX is set to follow the trend this morning. Follow the day’s events and insights from our business reporters on the ABC News live markets blog. US Federal Reserve chair Jerome Powell’s comments that it was time to start cutting rates lifted global markets on Friday and the ASX is set to follow the trend this morning. Follow the day’s events and insights from our business reporters on the ABC News live markets blog. Stock Market, Financial Markets, Currency, Company News, Business, Economics and Finance, Economic Trends, Cryptocurrency Latest business news