Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Asian Stocks, Bonds to Drop as Fed Hike Bets Mount: Markets Wrap

Asian stocks and bonds were poised to fall after hotter-than-expected US inflation drove losses on Wall Street and fueled bets that the Federal Reserve may hike interest rates more aggressively to tame prices.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Also reported by 1 other outlet

Read the original at bloomberg.com →

More in Finance & Markets

Pound drops back under 1.34 after a hot US inflation report

The UK's Bank Rate is level with the top of the Fed's 3.75%-4.00% range, and a hot US inflation report has left a December Fed hike fully priced. The Pound has given back all of Monday's rise, dropping to just above 1.3300 for its lowest since late October, and has steadied near 1.3350.

More from Tuesday 10 November →