Asian stocks ended mixed in thin trading on Tuesday, with markets including Hong Kong, New Zealand and Australia closed for holidays.The dollar wobbled as softer-than-expected reading on the PCE price index, the Fed's preferred inflation gauge, bolstered bets that the Federal Reserve will cut interest rates in 2024.Lower Treasury yields helped gold prices tick higher in light trading, while oil pr...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.