News Formal

Asian stocks ease ahead of US inflation data, Fed minutes

  • 📰 Reuters
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Asian equities drifted lower on Wednesday ahead of a crucial U.S. inflation report that will likely influence how soon the Federal Reserve will end its aggressive rate hikes, with markets betting on at least one more at next month's policy meeting.

was 0.17% lower in choppy trading, set to snap its three day winning streak.

The consumer price index is expected to show core inflation rose 0.4% on a monthly basis and 5.6% year-over-year in March, according to a Reuters poll of economists. Markets are now pricing in a 66% chance of the Fed raising interest rates by 25 basis points in May and then pausing for the subsequent meetings, according to the CME FedWatch tool.he feels the U.S. central bank may soon be done raising interest rates, but reiterated the desire to bring inflation back to its 2% target.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

People are scared over such small things nowadays

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks subdued ahead of US inflation data, Fed minutesMarkets wager another rate hike at the next Fed meeting.
Source: Reuters - 🏆 2. / 97 Read more »

Asian Stock Market: Nikkei 225, ASX 200 cheer risk-on mood despite hawkish Fed betsAsian Stock Market: Nikkei 225, ASX 200 cheer risk-on mood despite hawkish Fed bets – by anilpanchal7 Asia RiskAversion ForeignTrade China Nikkei
Source: FXStreetNews - 🏆 14. / 72 Read more »

Asian Stock Market: Shows mixed response ahead of US Inflation, oil near two-month highMarkets in the Asian domain are showing mixed responses ahead of United States inflation data. S&P500 futures are choppy in early trade as investors a
Source: FXStreetNews - 🏆 14. / 72 Read more »