Asian shares fall, tracking Wall St dismay over price data

Hong Kong’s Hang Seng index lost 2.6% to 18,831.88 and the Shanghai Composite index declined 0.9%, to 3,234.18.

On Tuesday, the Dow lost more than 1,250 points and the S&P 500 sank 4.3%. Tuesday’s hotter-than-expected report on inflation Traders now see a one-in-three chance the Fed will hike the benchmark rate by a full percentage point next week, quadruple the usual move. No one in the futures market was predicting such a hike a day earlier.

Tuesday’s data casts doubt on hopes for such a “soft landing.” Higher rates also hurt prices for stocks, bonds and other investments.

But...the InFlAtIoNrEdUcTiOnAcT!!!

Raising interest rates just makes banks more profit.🤑🤑🤑

Thanks for restoring my happiness in my darkest days, during those period I invested $4500 and to my greatest surprise I got a return of $45,000 in just seven days her reliability can't be equated Lauren_Flores_1

Raising the interest rates all but ensures the working class’ place in recession. It’s going to be a very merry Christmas this year…and a fantastic ‘23.

UKrain War may have has many more side effects than politicians calculated before ignating War ...🤔

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