Investors see growth in Asian equities, currencies as US CPI eases

Asian equities are set to rise and currencies are primed for a boost following the smallest monthly advance in core US inflation in more than a year, according to investment strategists and portfolio managers. The consumer price index reading supports forecasts for the Federal Reserve to reduce the pace of monetary tightening when it meets later on Wednesday.

Here’s what investors and analysts are saying:

Kellie Wood, deputy head of fixed-income at Schroders in Sydney:

“The market is now anticipating a slower pace of hikes and a moderation of the peak terminal rate in the US,” she said. “We are positioned