“For Asia, particularly those economies closely linked to China ... The Fed began cutting interest rates from their two-decade high in September to keep the job market hummin g after bringing inflation nearly all the way down to its target of 2%.

U.S. stocks are drifting near their records after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates. The S&P 500 was up 0.

Asian stocks on Wednesday followed Wall Street lower as momentum cooled for the torrid “Trump trade” that swept U.S. markets following Donald Trump’s presidential victory

U.S. stocks are drifting as the market’s big burst following Donald Trump’s election continues to cool. The S&P 500 was edging down by 0.1% in midday trading Thursday, but still