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Hot US inflation singes Asia as higher-for-longer Fed rates loom

TOKYO — An unwelcome blast of US inflation is blowing across Asia’s markets. September’s hotter-than-expected price data revived concerns that the Federal Reserve will keep rates higher for longer, threatening fresh pressure on currencies, capital flows and economic growth across the region. Last month’s 3.7% year-on-year increase in consumer prices didn’t just exceed forecasts. It […]

The post Hot US inflation singes Asia as higher-for-longer Fed rates loom appeared first on Asia Times.

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