Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from Wall Street overnight, as traders remained cautious ahead of the release of a key report on US consumer price inflation later in the day, which will offer clues on the outlook for interest rates. Asian Markets closed mixed on Wednesday.
The CME Group's FedWatch Tool is currently indicating an 87.0 percent chance the Fed will leave rates unchanged following its next meeting scheduled for September 19-20.
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