Asia stocks falter on rate cut rethink

Asian stocks stumbled and the dollar was near a one-month high on Wednesday as hawkish rhetoric from central bankers beat back bets of early interest rate cuts, while geopolitical worries kept risk sentiment in check. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.31 per cent, touching a fresh one-month low. Japan's Nikkei shrugged off the broader malaise and was perched at a new 34-year peak. US Federal Reserve Governor Christopher Waller said on Tuesday that while inflation was approaching the central bank's 2.0 per cent goal, the Fed should not rush to lower interest rates until lower inflation can clearly be…