Asian markets track Wall St rally as US inflation eases rate fears

A holiday-thinned week got off to a healthy start after last week's sell-off sparked by the US central bank's outlook that suggested officials will not lower borrowing costs as much as previously hoped over the next 12 months. Sharp losses in reaction to the forecasts were pared after data showed the personal consumption expenditures (PCE) index, the Fed's preferred gauge of inflation, came in at 2.4 percent on-year in November. While the reading was up slightly from October, it was lower than expected...