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Bloomberg Quint

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Image Credit: Bloomberg Quint

Asian Stocks Gain As Firm Inflation Keeps Fed On Track For Rate Cuts

  • Stocks in the Asia-Pacific region advanced as firm inflation in the US calls for rate cuts by the Federal Reserve.
  • Equity benchmarks in Japan and Australia led the gains during the session opening.
  • The overall US CPI rose 0.2% for a fourth month and 2.6% from a year before.
  • Following the inflation print, Wall Street rose but ended mixed, while traders marked up the odds of a December rate cut.

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