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Will America s Good News on Inflation Last? – DNyuz

Asian markets extend new year retreat after Fed minutes

Asian markets continued their disappointing start to the year Thursday, tracking another loss on Wall Street after minutes from the Federal Reserve's December meeting dampened hopes for an early interest rate cut."Participants viewed the policy rate as likely at or near its peak for this tightening cycle," the minutes said, adding there was growing optimism among decision-makers that there was "clear progress" on inflation, which continues to fall.

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