Asian shares rose and the dollar was under pressure on Wednesday after slowing U.S. inflation solidified bets that the Federal Reserve would skip a hike later in the day, but uncertainty remained about further rate increases beyond this week. | Reuters
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2 percent in early regional trade, after surging 1.1 percent in the prior session to the highest in two months.
Both S&P 500 futures and Nasdaq futures were flat, after a strong rally overnight to their highest closing levels in 14 months thanks to the softer U.S. inflation data. The benchmark 10-year yields also climbed to the highest in 2-1/2 weeks at 3.8450 percent. They were last at 3.8075 percent.Markets would also be focusing on the post-policy press conference from Fed Chair Jerome Powell and whether the dot plot would signal any hikes ahead.
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