Asian stocks brace for central bank bonanza

Asian shares have started cautiously ahead of a week packed with a quintet of central bank meetings and data on US inflation that could make or break market hopes for an early and rapid fire round of rate cuts next year. An upbeat payrolls report has already seen investors scale back expectations for a March cut by the Federal Reserve, though May remains priced at a 76 per cent chance. The Fed is considered certain to hold rates at 5.25-5.50 per cent this week, putting the focus on the "dot plots" for rates and Chair Jerome Powell's press conference. The consumer price report for November on Tuesday will also influence the outlook…