Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders remained cautious amid the mixed cues about the outlook for global interest rates after the recent hawkish comments from several US Federal Reserve officials. Asian markets ended mostly lower on Thursday.
In remarks at an event hosted by Greater Louisville Inc., St. Louis Fed President James Bullard suggested the central bank’s aggressive interest rate hikes have had “only limited effects on observed inflation.”
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