![]() The ruling party pledged Monday to support entrepreneurs and the struggling real estate industry but gave no details. Meanwhile, traders waited to see how China’s ruling Communist Party will carry out its promise to shore up sluggish economic growth. Bernstein said central banks in Europe and Japan also are “near their pivot points” on their own rate hike cycles. “This could be the last rate hike for the Fed” as inflation pressures ease, said Brad Bernstein of UBS Wealth Management in a report. central bank can manage a “soft landing,” extinguishing inflation while avoiding a recession. Investors expect the Fed to raise its key lending rate on Wednesday by 0.25 percentage points to a 22-year high. Wall Street’s benchmark S&P 500 index rose 0.3% on Tuesday after companies reported bigger profits than expected. As Pittsburgh’s leader in upscale Chinese cuisine, Jimmy Wan’s is dedicated to providing delicious food, extraordinary customer service, and a unique dining experience. Shanghai, Tokyo, Hong Kong and Seoul declined. BEIJING (AP) - Asian stock markets retreated Wednesday after Wall Street hit a 15-month high ahead of a Federal Reserve meeting that traders hope will end with the final increase in this interest rate cycle.
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