Asian Markets Cautious as Investors Await US Inflation Data That Could Sway Fed Rate Cut Timing
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Asian markets fell on Monday as investors await key US inflation data later this week that could impact the Fed's interest rate cut projections.
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Traders are optimistic about equity outlooks after the Fed signaled potential rate cuts, but strong economic data has raised concerns cuts may not happen as fast as hoped.
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All eyes are on the PCE price index, the Fed's preferred inflation gauge, being released this week - traders hope to see slowing inflation.
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There was little reaction to Chinese Premier comments downplaying economic worries and pledging more support, as investors want significant stimulus.
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The Japanese yen strengthened after officials said they were ready to intervene against excessive fluctuations driven by speculation.