Asian stocks ended mixed on Friday as Federal Reserve officials continued to talk up the need for further interest rate hikes ahead of the Fed's annual Jackson Hole economic symposium in Wyoming next week.
St. Louis Fed president James Bullard said he expects a third straight 75 basis point interest rate hike in September, while San Francisco Fed colleague Mary Daly said that raising rates by 50 or 75 basis points next month would be "reasonable."
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.