The US Federal Reserve has signaled that its interest rate hiking cycle may be over after several Fed officials said they don't think rates need to increase further. While the Fed is unlikely to cut rates soon, taking further hikes off the table should lower the US dollar and yields, boost risk appetite, and help Asian and emerging markets. Sentiment has also improved as oil prices slide and safe havens like gold lose traction, indicating reduced "risk off" impact from recent geopolitical tensions.