Asian stocks turned in a mixed performance on Wednesday after data showed U.S. inflation remained stubborn enough to thwart any Federal Reserve rate cuts soon.
Investors looked ahead to a report on U.S. producer inflation and this year's final policy decision from the Federal Reserve later in the day for additional clues on the Fed's rate trajectory.
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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.