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International Business Times
International Business Times
Business
AFP News

Asian Markets Mixed As Focus Turns To US Inflation Report

Federal Reserve boss Jerome Powell said recent forecast-beating inflation data had lowered his confidence that prices will slow as quickly as hoped (Credit: AFP)

Asian markets wobbled Wednesday ahead of key US inflation data later in the day, with traders struggling to pick up the baton after a record performance on Wall Street.

A report showing a forecast-beating rise in April wholesale prices was offset by a downward revision for the previous month, while analysts said a deeper look at the figures suggested the Federal Reserve's preferred gauge of inflation could ease further.

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