U.S. CPI data boosts expectations for the Federal Reserve to cut interest rates in September, Asian stock markets are expected to open higher

ChainCatcher news, according to Jinshi reports, Asian stock markets are expected to follow the overnight rise of U.S. stocks, as the U.S. inflation data met expectations, boosting market bets on a rate cut by the Federal Reserve in September. Tokyo, Hong Kong, and Sydney stock index futures all indicate that major benchmark indices will open higher. The three major U.S. stock indices rose more than 1% overnight, with the S&P 500 and Nasdaq 100 both hitting new all-time highs. Despite the decline in U.S. Treasury yields and a lower dollar exchange rate, the market still sees a probability of over 90% for a rate cut by the Federal Reserve next month.