Asian markets rose Friday after falling for much of the week, with below-forecast US data injecting some fresh life into hopes the Federal Reserve will cut interest rates this year. 'Assuming the PCE comes in OK, the data suggests the Fed doesn't need to hike and may cut later in the year,' Capital.com's Kyle Rodda said.
A jump in Tokyo inflation boosted bets the Bank of Japan will hike interest rates again soon. Photo: Richard A. Brooks / AFPAsian markets rose Friday after falling for much of the week, with below-forecast US data injecting some fresh life into hopes the Federal Reserve will cut interest rates this year.
Most have called for rates to be kept elevated for some time, while some have even advocated for another hike. "Assuming the PCE comes in OK, the data suggests the Fed doesn't need to hike and may cut later in the year," Capital.com's Kyle Rodda said.
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