Asian stocks followed Wall Street lower on Friday as investors fretted over the impact of artificial intelligence on various sectors and looked to U.S. CPI data later in the day for clues on when the Federal Reserve might cut rates.
Forecasters expect inflation to have decelerated in January, with core prices rising 2.5 percent year-over-year, the slowest since 2021.
This week's stronger-than-expected U.S. jobs data sharply reduced hopes of near-term Federal Reserve rate cuts.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.