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Asian markets fall as hot US inflation revives rate hike bets

Original: Asian markets sold off on Thursday after hot US inflation data fuelled bets on a Federal Reserve rate hike. US consumer

Asian markets sold off on Thursday after US consumer prices rose 3.7% in September, the highest in five months, fuelling bets the Federal Reserve may raise interest rates again. The increase was driven largely by energy costs linked to the Iran war, with gasoline prices jumping 9.1%. Chipmaker shares led the declines as investors weighed the outlook for monetary policy.

Why now: Hot inflation data has shifted expectations about Federal Reserve rate policy, hitting risk appetite across Asian markets.

Federal ReserveAsian marketsUS consumer priceschipmakers

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• Asian markets sold off on Thursday after hot US inflation data fuelled bets on a Federal Reserve rate hike. US consumer prices rose 3.7% in September, the highest in five months, driven largely by energy costs from the Iran war; gasoline alone jumped 9.1%. Chipmakers took the… · i47i@social.i47i.cc · 2

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