Asian markets stutter as investors fret ahead of US releases
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Asian markets are experiencing uncertainty as investors await the release of US inflation data and the Federal Reserve's outlook for interest rates. Forecasts for the number of rate reductions by the Fed have decreased from six to three, indicating a solid labor market and a healthy economy. The focus is on last month's consumer price index data and the conclusion of the Fed's policy meeting. The euro is struggling due to political uncertainty in Europe. Asian markets have fallen, while some have risen. The euro remains at five-week lows against the dollar. The Fed is expected to maintain rates but speculation suggests further rate cuts may occur. Equity traders are cautious, ignoring Wall Street's record highs. Chinese consumer prices rose less than expected. The euro's weakness is mirrored by a drop in European equities. Key figures show declines in Asian markets. The article does not provide information on key names, numbers, or dates.
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https://www.legit.ng/business-economy/economy/1596947-asian-markets-stutter-investors-fret-releases/