Asian stocks rose slightly in cautious trading on Wednesday as investors awaited the results of the U.S. Federal Open Market Committee meeting later in the day for further insight into the bank's thinking on inflation and bond purchases.Investors also awaited U.S. President Joe Biden's address to a joint session of Congress for clues on further stimulus measures.Chinese stocks posted modest gains,...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.