Asian markets plummet ahead of inflation data

By Agence France-Presse

Oct 14, 2022 12:07 am

HONG KONG: Equities fell in Asia and the dollar maintained its strength on Thursday ahead of the release of crucial United States inflation data that could determine the pace of Federal Reserve (Fed) interest rate hikes.

The release of the September report comes a day after minutes from the US central bank's latest policy meeting showed officials' determination to win their battle against runaway prices by ramping up borrowing costs, though they did note the risk to the economy that posed.

A currency trader watches monitors at the foreign exchange dealing room in a local bank’s headquarters in South Korea’s capital Seoul on Thursday, Oct. 13, 2022. AP PHOTO

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Millions of Stanley cups recalled in US over burn risk

US, China economic officials to hold talks

Beijing considering softer currency

ECB to cut rates again

Elon Musk net worth surpasses $400B

Google unveils advanced AI model, Gemini 2.0

Australia's unemployment drops to 8-month low