U.S. inflation cooling boosts risk assets, Asian stock markets start with volatility

Asian stock markets are expected to have a volatile start on the first trading day of October, as fluctuations in Wall Street erased gains from lower-than-expected U.S. inflation data. Chris Osmond, Chief Investment Officer of Fifth Third Wealth Advisors, stated that economic growth in the second quarter was stronger than expected, consumer spending remained robust, the job market rebounded in September, and the Fed's preferred inflation indicator was below expectations, reducing the likelihood of an interest rate hike in October.