HONG KONG (AFP): Asian markets tumbled Monday (June 21) on growing expectations the Federal Reserve will begin lifting interest rates as early as next year as it looks to prevent the economic recovery from overheating.
In a bid to soothe traders fretting over surging inflation, central bank officials have for months pledged to maintain their ultra-loose monetary policy until the rebound was well on track. But last week it brought forward its forecasts for tightening.
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