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International Business Times
International Business Times
Business
AFP News

Asian Markets Lifted By US Data And Fresh Rate Cut Hopes

Jerome Powell United States Asia US Federal Reserve Inflation Economy Interest Rates
A drop in activity in the US services sector and input costs in March tempered worries about inflation (Credit: AFP)

Asian markets rose Thursday after US data provided a fresh indicator that inflation was easing and Federal Reserve boss Jerome Powell soothed worries about the bank's plans to cut interest rates this year.

An equities rally that started at the back end of 2023 has stuttered in recent weeks after a string of reports suggested the economy was too strong and price too sticky for officials to begin easing monetary policy this year.

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