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Business > Foreign Business
Markets in gloom as rate hike woes return
By Agence France-Presse
Nov 18, 2022 12:05 am

HONG KONG: Trading was subdued on Thursday as the optimism that characterized recent sessions was dealt a blow by data showing resilience among American consumers that gives the Federal Reserve (Fed) room to keep hiking interest rates.

Two reports showing inflation easing in the world's top economy provided a springboard for world markets over much of the past week as investors took the readings to mean almost a year of monetary tightening was finally kicking in.

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