Asian Markets Fall as Investors Await Key US Inflation Data
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Asian markets mostly fell on Monday as investors set their sights on the release of key US inflation data due at the end of the week. After last week's Federal Reserve projections for interest rates indicated it would cut three times this year, traders are optimistic about the outlook for equities. However, figures showing the US economy remains in rude health are keeping a lid on sentiment and raised concerns that the central bank might not be able to bring borrowing costs down as quickly as hoped. Those concerns were echoed by Atlanta Fed chief Raphael Bostic on Friday, when he said he saw inflation remaining sticky and saw just one rate cut this year, instead of the two he had previously foreseen. Eyes are now on the release of the personal consumption expenditures (PCE) index, the Fed'...
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