People stand in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Tuesday, Aug. 29, 2023, in Tokyo. Asian shares mostly rose Tuesday as markets shift their attention from the U.S. Federal Reserve to earnings and economic reports – Global shares mostly rose Tuesday as markets shift their attention from the U.S. Federal Reserve to earnings and economic reports.
U.S. Commerce Secretary Gina Raimondo said she and her Chinese counterpart agreed Monday to exchange information on U.S. export controls and set up a group to discuss other commercial issues. That signals possible hopes about bilateral communication, but various conflicts remain, including over technology, security and human rights.
Investors have a busy week ahead full of economic reports that could shed more light on whether the job market remains hot and inflation is still cooling. The latest data could provide more clues about whether the Fed is likely to hold interest rates steady or raise them again before the year closes.
Investors and economists will be focusing closely on the government’s latest inflation update on Thursday. The report on personal consumption and expenditures is the Fed's preferred measure as it tries to rein inflation back to 2%.
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