HONG KONG (AFP): Growing fears about the Federal Reserve's plans to fight surging inflation by ramping up interest rates hit Asian markets again Wednesday (Jan 19), following hefty sell-off on Wall Street, while oil prices extended their rally after a blast at a key pipeline.
A rise in prices since early 2021 has forced central banks around the world to start winding back the colossal financial support put in place at the start of the pandemic, with many warning that failure to act could see them run out of control.
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