Asian stock markets are trading mixed on Thursday, following the mixed cues from Wall Street overnight, as traders react to US Fed Chair Jerome Powell and heads of other top central banks signalling further policy tightening to tame stubbornly high inflation. Powell indicated that interest rates will stay high and would not rule out two rate hikes at consecutive meetings. Asian Markets closed mixed on Wednesday.
CME Group's FedWatch Tool currently indicates an 81.8 percent chance of another quarter point rate hike next month but much lower chances of additional increases this year.
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