Global Markets Find Relief as Fed's Decision Looms
Asian markets are showing signs of improvement as the "peak Fed" draws closer, U.S. bond yields may be reaching their peak, and the dollar weakens. If U.S. inflation data for June falls below expectations, it could benefit Asian stocks, bonds, and currencies. While some Fed officials believe interest rates need to rise further to control inflation, the end of the tightening cycle is in sight. Chinese inflation figures were disappointing, with zero consumer price inflation and a slump in producer price inflation. However, a potential turnaround in the tech sector and a near $1 billion fine on Ant Group may provide hope for investors.