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Asia tracks Wall St losses after Powell's rate hike warning
Asia tracks Wall St losses after Powell's rate hike warning
by  AFP

Markets sank Wednesday, the dollar held big gains and oil struggled to recover from hefty losses after Federal Reserve boss Jerome Powell opened the door to a quicker pace of interest rate hikes as officials battle to tame inflation. "If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes."

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