Asian markets tumble further as Fed hikes rates, warns more to come

Hong Kong (AFP) Sept 22, 2022

Asian markets extended a painful Wall Street sell-off Thursday after the Federal Reserve unveiled a third straight jumbo interest rate hike, said more were in the pipeline, and warned the battle against inflation was straining the US economy. While the three-quarter-point rise was widely expected, there was some surprise at the central bank's forecast that borrowing costs would likely be hel