ASX to rise as gold hits record; Fed’s Bostic sees just one rate cut
Australian shares are poised to rise as US shares steadied and US Treasury yields dropped from a more than 4-month high in the last trading day before key US inflation data.
The CPI data, due out after the Australian market closes tonight, will help shape the US Federal Reserve’s stance on interest rate cuts this year. It’s expected to show core inflation, which excludes volatile components such as food and energy, of 3.7 per cent year-on-year, versus 3.8 per cent in February.
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