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Asian markets mixed after US inflation data as Fed decision looms
![IndiaTimes]()
Wednesday, 13 December 2023
US inflation report tempers expectations for interest rate cut; Federal Reserve's policy statement awaited. Wall Street ends positively as consumer prices slow, highlighting battle against inflation. Traders expect rate cut, but less than previously tipped. Fed's meeting to conclude with statement from Jerome Powell. Asian markets diverge; Tokyo, Sydney, Wellington, Taipei rise while Hong Kong, Shanghai, Singapore, Seoul, Manila, Jakarta fall. Chinese economic meeting disappoints with no new measures. Oil prices slightly up after losses due to US output and China's struggling economy.
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Wednesday, 13 December 2023
