GLOBAL MARKETS-Asia stocks wobble as focus turns to U.S. inflation data, Fed outlook

9th AUG, 2022

Financial markets were concerned about ongoing global cost pressures on Tuesday, which led to a decline in Asian shares. This week, investors will be paying attention to U.S. inflation data and the possibility of further aggressive Federal Reserve rate hikes. The July U.S. consumer price report is coming on Wednesday, and the surprisingly positive U.S.