Asian Markets Lower After Hawkish Fed, Fresh Trade War Fears

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Asian markets lower after hawkish Fed, fresh trade war fears

Asian markets fell Thursday after the Federal Reserve hiked interest rates and signalled a more hawkish tone for future moves, while US President Donald Trump stoked trade war fears.

Hong Kong, (UrduPoint / Pakistan Point News - 14th Jun, 2018 ) :Asian markets fell Thursday after the Federal Reserve hiked interest rates and signalled a more hawkish tone for future moves, while US President Donald Trump stoked trade war fears.

After a keenly watched meeting, the US central bank lifted borrowing costs, as expected, but indicated another two this year and four in 2019 as the world's top economy continues to improve and inflation picks up.

While the Fed had earlier been tipped to announce three increases eachyear, there had been growing speculation that it would have to be more aggressiveto keep a lid on prices and prevent the economy from boiling over.

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