Asian stocks build on Wall St records after US inflation data
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Asian stocks extended a rally across world markets as they welcomed figures showing US inflation slowed last month, tempering concerns about the Federal Reserve's forecast of just one interest rate cut this year. The weaker-than-expected May consumer price index marked a second successive month of slowing and boosted optimism that the Fed would be able to soften after a long-running campaign of tightening. However, the Fed later released its outlook for interest rates, which showed decision-makers saw just one cut this year, down from three predicted in its previous guidance in March.

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https://m.economictimes.com/markets/stocks/news/asian-stocks-build-on-wall-st-records-after-us-inflation-data/articleshow/110955895.cms