MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% and Japan's Nikkei jumped 1.54%.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% and Japan's Nikkei jumped 1.54%.
However, monthly underlying inflation pressures moderated as goods prices, excluding food and energy, dropped by the most in two years. “While this is unlikely to change the trajectory of the Fed from hiking 50 basis points in May, if inflation continues on this path there will be less pressure on them to be overly aggressive in the second half of the year.”
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