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International Business Times
International Business Times
Business
AFP News

Asian Markets Track Wall St Records After US Inflation Data

Inflation US Federal Reserve United States Asia the Federal Reserve Interest Rates
The dollar struggled to bounce back from its major peers after data showed a slowdown in US inflation (Credit: AFP)

Asian equities rallied Thursday after US data showed inflation cooled last month, fuelling speculation that the Federal Reserve will cut interest rates twice this year.

The news sent all three main indexes on Wall Street to record highs, with confidence given an extra boost by figures showing retail sales well below expectations, suggesting consumers were taking a step back.

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