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Asia extends global rally as US inflation slows more than thought

Equities surged Wednesday and the dollar struggled after slower-than-forecast US inflation was seen as all but putting to bed any chance of another interest rate hike, and even allowed traders to bet on a series of cuts in the new year.Data suggests they are now betting on as much as a one percentage point cut in rates through next year. ....

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US CPI Unexpectedly Remained Flat in October, Bitcoin Gained 1% in 7 Days

US CPI Unexpectedly Remained Flat in October, Bitcoin Gained 1% in 7 Days
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Bonds Surge on CPI Surprise; Asia Stocks to Jump: Markets Wrap

(Bloomberg) Stocks in Asia jumped to track Wall Street’s rally after an unexpected inflation slowdown bolstered bets that the Federal Reserve’s aggressive hiking cycle is over. Treasury yields and the dollar steadied after sliding in the previous session. Most Read from BloombergS&P 500 Up 2% as Bets ‘Fed Is Done’ Sink US Yields: Markets WrapRolex, Patek Prices Hit Fresh Two-Year Lows: Subdial IndexThailand Takes $28 Billion Malacca Strait Bypass Plan to USBiden, Xi to Announce China’s Crackd ....

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