Asian Markets Set for Volatile Start as US Inflation Data Cools

Asian stock markets are expected to open with volatility on the first trading day of October, following a late-session reversal on Wall Street that erased gains triggered by lower-than-expected US inflation data. According to Chris Osmond, Chief Investment Officer at Fifth Third Wealth Advisors, strong second-quarter economic growth, resilient consumer spending, and a rebound in the September labor market, combined with cooling inflation, have reduced the probability of a Federal Reserve rate hike in October.