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Monday, April 29, 2024

Asian markets rose as US inflation soothes rate fears for now

Traders are now awaiting the European Central Bank’s rate decision later Thursday. (Photo: AFP)

HONG KONG – A mixed inflation report in the United States boosted Asian markets Thursday as it soothed fears of a possible Federal Reserve interest rate hike next week, though the still hot reading left open the possibility of one more before year’s end.

While the data did not provide the knock-out for any more tightening, analysts said traders were buoyed by the fact they…

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