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Asian markets mostly up but rate worries keep optimism in check
Asian markets mostly up but rate worries keep optimism in check
Business and Economy
by  AFP

Most Asian markets rose Wednesday but traders remained on edge after Federal Reserve boss Jerome Powell reiterated that inflation was coming down but interest rates might need to go higher than expected to get it under control. "Rate cut bets for next winter firmly remain intact and that should be an issue for a Fed trying to get inflation somewhere near target."