Asian stocks followed Wall Street higher on Friday amid hopes that major central banks will tackle inflation without causing a recession.
U.S. Federal Reserve Governor Christopher Waller and St. Louis Fed President James Bullard both backed another big interest rate increase in July but downplayed recessionary fears.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.