A look at the day ahead in Asian markets from Jamie McGeever.
It's a U.S.-Sino, one-two punch for Asian markets on Thursday, as they react to Federal Reserve Chair Jerome Powell's press conference following the last interest rate hike of the year, and digest a raft of top-tier economic data from China.by 50 basis points on Wednesday, as expected, bringing the calendar year total to 425 bps. It was the first meeting in five that the Fed did not hike by 75 bps.
"The inflation data received so far in October and November show a welcome reduction in the pace of price increases, but it will take substantially more evidence to give confidence inflation is on a sustained downward path," said Powell.
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