HONG KONG (AFP): Markets dropped in Asia on Thursday (Aug 18) following a sell-off in New York spurred by minutes from the Federal Reserve indicating officials intended to keep lifting interest rates to tackle decades-high inflation.
While policymakers said they would eventually have to start tempering their tightening pace, they said they would keep borrowing costs elevated "for some time," though admitted there was a risk of going too far and damaging the economy.
