Asian shares edged higher on Thursday after the U.S. Federal Reserve said the "disinflationary process has started" but "ongoing increases" in interest rates will be needed to curb price pressures.
Fed Chair Jerome Powell's dovish comments in a press conference stoked expectations that the Fed might start cutting rates before 2024.
Both the European Central Bank and the Bank of England are expected to hike interest rates by 50 basis points each later in the day.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.