Asia Stocks Set to Follow US Gains on Rate Outlook: Markets Wrap yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Asian shares advanced while Treasuries jumped following dovish comments on rates from Federal Reserve officials. Most Read from BloombergIsrael Latest: First Round of US Security Aid Is on the WaySchumer Confronts Xi on Israel-Hamas Stance in Rare MeetingIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionStocks Shrug Off Losses After Fedspeak; Oil Climbs: Markets WrapStocks in Australia, Japan and South Korea all rose by more than 1%. Futures in Hong Kong also pointed to g
This week will deliver a make-or-break moment for Fed rate hike expectations. The main event will be the September inflation report. Expectations are for both headline and core inflation to post 0.3% month-over-month gains in September, while headline year-over-year inflation will drop a tick to 3.6% and core’s annual reading will ease from 4.3% to 4.1%. In September, gas prices were relatively stable, car prices rose, and some core services were sticky.