A look at the day ahead in Asian markets from Stephen Culp.
over securing a license to produce a generic version of its COVID drug has eased fears of another shutdown. Economists at many big banks are revising up their GDP growth forecasts for the second half of this year.Consumer prices data coming from Japan on Tuesday and from the United States and China later in the week will offer further evidence regarding the extent to which global inflation has peaked - or not.
Here's a look at various U.S. inflation indicators, and how far most of them have to fall before approaching the Fed's average annual 2% interest target:Data from the Federal Reserve on Monday showed outstanding consumer credit grew in November by more than analysts expected, underscoring the strength of the American consumer and adding to the possibility of the fabled "soft landing.
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