Asian stocks dip as US inflation data dims hope of big Fed cut
Asian stocks slipped as July US producer prices rose 0.9%, dampening expectations for a jumbo Fed rate cut in September. Markets now see a 92% chance of a 25 bps cut, down from 100%, with the 50 bps cut odds at 0%. US futures were flat; 10-year Treasury yield eased to 4.283%, Nasdaq futures fell 0.1%.