(Bloomberg) -- Asian equities rose Thursday after their US peers set a fresh high ahead of inflation data that may define Federal Reserve policy easing in...
-- Asian equities rose Thursday after their US peers set a fresh high ahead of inflation data that may define Federal Reserve policy easing in the coming months.From Cleveland to Chicago, NFL Teams Dream of Domed Stadiums
“Leading into that meeting there is definitely a lot of optimism and hope” around fiscal clarity, said Yuting Shao, macro strategist for State Street Global Markets, on Bloomberg Television. The broader themes of lower US borrowing costs and official support for China’s economy will act as tailwinds for risk sentiment, she added. “Any clarity from China is going to add another layer on top.
US consumer price data to be released later Thursday is expected to show inflation further moderating, supporting the Fed’s anticipated easing in the coming months. Despite this, market pricing indicates the likelihood of another 50 basis point rate cut is all but off the table following last week’s strong jobs report.
“Despite that logical observation, this month’s CPI report may still drive market volatility coming on the back of Friday’s stellar jobs report, a reading that hints at the potential for renewed upside risks to inflation,” he added. Whether they've been there before, or are going for the first time, Padres fans all used one word to describe the atmosphere at Petco Park in the postseason: 'Electric.'Turkey's navy starts to evacuate its citizens from Beirut as Israel battles Hezbollah
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