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Asian markets mostly rose Wednesday following a Wall Street rally as investors grow increasingly optimistic that the Federal Reserve will soon end its interest rate hiking cycle and the US economy will avoid a feared recession.Fears over global inflation have seen central banks ramp rates higher for more than a year, fuelling uncertainty among investors, though they were given hope Wednesday with news that the Asian Development Bank had cut its inflation forecast for developing Asia.
Asian markets mostly rose Wednesday following a Wall Street rally as investors grow increasingly optimistic that the Federal Reserve will soon end its interest rate hiking cycle and the US economy will avoid a feared recession.