Asia stocks inch up tracking Wall Street, spotlight on key US inflation data.

Most Asian stocks edged higher on Wednesday tracking overnight rise on Wall Street, but gains were limited as investors remained cautious ahead of key U.S. inflation data, particularly in light of the Federal Reserve’s hawkish stance in December.

U.S. stock index futures were higher in Asian trade on Wednesday. Market participants’ focus was on a key inflation reading due later in the day to assess the Fed’s interest rate outlook for 2025.

The Fed had signaled fewer rate cuts in 2025 during its December meeting, citing sticky inflation.

Source: INVESTING