Economy

Asian Markets Rally as US Inflation Data Cools Fed Hike Bets

Reuters2h
THE BRIEF
1

Asian stock markets saw a broad rally on August 13 as cooling US inflation data to 3.4% reduced expectations of a September Federal Reserve rate hike.

2

The Kospi index led gains with a 4% rise, while regional markets reacted positively to the prospect of a more stable global interest rate environment.

3

Investors are now shifting focus to upcoming central bank meetings, with analysts monitoring how these global trends will impact the Indian Rupee and domestic market liquidity.