Mirroring the broadly positive cues from Wall Street overnight, Asian stock markets are trading mostly higher on Thursday, amid optimism about near-term rate cuts by the US Fed ahead of the release of key U.S. inflation data later in the day and tomorrow, which will affect the outlook for interest rates. Asian Markets closed mostly lower on Wednesday.
With economists expecting the reports to show slowdowns in the annual rate of core price growth, the data could bolster optimism about near-term rate cuts by the Fed.
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