The Federal Reserve is widely expected to hold its key interest rate steady on Wednesday as officials wait for more data that indicates inflation is cooling.

The Fed is unlikely to cut interest rates again when it meets next week, delaying any relief from high borrowing costs.

The Monetary Authority of Singapore forecast slower growth and contained inflation at home amid rising uncertainty from trade frictions abroad.

China’s central bank kept a key policy rate steady while injecting liquidity into the financial market, signaling that it may hold benchmark rates unchanged for longer.

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