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Story summary
- Asian stock markets declined on November 5, 2025, due to inflated tech valuations and a potential recession.
- Treasury Secretary Scott Bessent said sectors may be in recession and urged Federal Reserve to cut rates.
- Dissent within the Federal Reserve's policymaking committee is increasing and complicating rate decisions.
- Federal Reserve Chair Jerome Powell faces challenges achieving consensus amid political pressures and uncertainty.
- The housing market remains strained, particularly for lower-income consumers.
