Markets fall as Fed officials flag rates to go higher for longer

Hong Kong (AFP) Feb 9, 2023

Markets mostly fell Thursday on the prospect of US interest rates going higher, and for longer, as officials try to cool the economy and bring decades-high inflation under control. Months of slowing price rises fuelled hopes the Federal Reserve could soon pause its tightening drive or even cut rates this year, but that optimism was dealt a blow last Friday by data showing the jobs market rem