After a positive lead from Wall Street in muted trade, Asia’s few open markets advanced.
That followed Wednesday’s news that services sector activity grew less than forecast last month, while a separate report pointed to private employers slowing their hiring pace in March. Expectations for Fed rates have lowered over the past month after banking sector turmoil — largely blamed on the sharp hikes — sparked fears of another financial crisis.However, a number of Fed officials have said the bank could resume lifting as it battles to bring inflation down.
Source: Financial Digest (financialdigest.net)
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