Asian markets mixed after Wall St hit by US inflation fears

Legit | 08-01-2025 02:49pm |

Equities wavered on Wednesday as sentiment was knocked by a sell-off on Wall Street that was sparked by data indicating the US economy and jobs market remained robust, further denting hopes for interest rate cuts. "Recent Fed signals suggest a cautious approach to rate cuts amid a resilient job market and sticky inflation," said Stephen Innes.

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