Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, as traders remained cautious and looked ahead to the release of closely watched key US inflation data later in the week that could impact the outlook for rates, including the pace of rate cuts. Asian markets closed mixed on Tuesday.
The data is expected to show slowdowns in the rates of US consumer and producer price growth compared to the same month a year ago and could impact the outlook for interest rates ahead of the US Fed's monetary policy meeting next week.
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