Asian stocks rose on Thursday to hit five-month highs as the dollar eased and Treasury yields dipped to seven-month lows on bets for aggressive interest rate cuts by the Federal Reserve.As inflation fears ebb, futures now imply an 88 percent chance of a 25 basis point Fed rate cut as early as March, followed by two consecutive 25 basis point cuts in May and June.Gold climbed to a three-week high i...
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Market Analysis
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.