Asia-Pacific stocks set to rise ahead of key U.S. inflation data

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Asia-Pacific markets are set to rise as investors look ahead to key U.S. consumer inflation data.

Federal Reserve officials at their September meeting differed on the need for more policy tightening, but indicated rates would need to stay elevated until the policymakers are convinced inflation is heading back to 2%. One more hike would be likely, minutes released Wednesday showed.

'A majority of participants judged that one more increase in the target federal funds rate at a future meeting would likely be appropriate, while some judged it likely that no further increases would be warranted,' the summary of the Fed's Sept. 19-20 policy meeting stated. Read more about the Fed's meeting here . — Jeff Cox, Pia Singh

 

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

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines