Asian markets drift as investors assess Fed outlook


Asian markets swing today while the prospect of tighter US monetary policy for an extended period lifts the dollar back up to multi-year highs against its peers. – EPA pic, August 19, 2022.

STOCKS swung in Asia today as investors tried to assess the Federal Reserve’s plans for lifting interest rates to fight inflation, with mixed data and differing opinions by bank officials providing little clarity.

The rally across markets from their June lows appears to have run out of steam this week after minutes from the Fed’s most recent meeting showed it was determined to keep lifting borrowing costs until prices were brought under control. 


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