Asia Stocks Set to Follow US Gains on Rate Outlook: Markets Wrap

-- Asian stocks are poised to open higher after US equities were buoyed by Wall Street scaling back wagers on Federal Reserve rate hikes. Oil edged lower, following its biggest rally since April.Stocks Rise as Wall Street Dials Back Fed Wagers: Markets Wrap

Fed swaps currently show about a 60% chance the Fed will stay on hold in December, compared with 60% odds on another hike by then, just a week ago. The dollar fell for a fifth straight day, its longest losing streak since July. Oil slipped, with West Texas Intermediate settling below $86 a barrel after jumping more than $3 on Monday.

RALEIGH, N.C. — North Carolina Republicans enacted vote-count restrictions and weakened the governor's ability to oversee elections on Tuesday by overriding Democratic Gov. Roy Cooper's vetoes — setting in place electoral policies the GOP sought entering the 2024 elections in the likely battleground state.

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