Asia-Pacific markets set to trade mixed on cooled U.S. inflation outlook
On Friday, stocks on Wall Street
Declining inflation expectations from consumers is coinciding with expectations that the Federal Reserve is likely to step down the level of interest rate increases in a few weeks, and end them altogether soon. At the same time, traders assigned a 94.2% chance of a 0.25 percentage point interest rate increase on Feb. 1, when the Fed's next two-day meeting concludes. That marks another a smaller move than the 0.5 percentage point hike in December, which itself was a deceleration from four straight 0.75 percentage point increases.
"You don't have to agree with the Fed's policy to believe them," said Lauren Goodwin, economist and portfolio strategist at New York Life Investments.
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