Asian, European markets hit by rate fears ahead of inflation data

Hong Kong (AFP) Aug 10, 2022

Equities fell Wednesday, tracking a drop on Wall Street ahead of a crucial US inflation report later in the day, which could have a huge bearing on the Federal Reserve's plans for raising interest rates. Investors are preparing for the consumer price figures with a sense of dread as analysts warn a forecast-beating reading would ramp up bets on another big Federal Reserve hike and reinforce