Asian stocks advanced on Tuesday, the dollar dipped and U.S. Treasury yields drifted lower after comments from several Fed officials suggested the U.S. central bank is nearing the end of its rate-hiking cycle.
Markets expect U.S. inflation data due on Wednesday to provide additional clues on the interest rate outlook.
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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.