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Asian markets experienced gains on Thursday as investors eagerly awaited the release of major US inflation data. This data is expected to have a significant impact on the Federal Reserve’s decision regarding interest rate cuts. Market analysts are predicting that headline inflation will continue to decrease, potentially reaching as low as 2.5 percent. This decrease…
The US Federal Reserve is making progress towards its long-term inflation target and may consider reducing interest rates later this year, according to a senior official. The official expressed confidence that if inflation remains stable, the Federal Open Market Committee (FOMC) will be able to lower the target range for the federal funds rate. The…