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- Stocks tumbled on Wall Street after the Federal Reserve signaled it will stay agressive on interest rate hikes. The AP's Ed Donahue reports.
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Asian shares decline after retreats on Wall Street, Europe
By ELAINE KURTENBACH - AP Business Writer
Thu,12/15/22-12:28AM , 790 Reads
BANGKOK (AP) — Asian shares followed Wall Street and Europe lower on Friday, with markets jittery over the risk that the Federal Reserve and other central banks may end up bringing on recessions to get inflation under control.

Oil prices and U.S. futures edged higher.
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- A help wanted sign is shown in a storefront on Nov. 1, 2022, in Bedford, N.Y. The Federal Reserve's move Wednesday, Dec. 14, to raise its key rate by a half-point brought it to a range of 4.25% to 4.5%, the highest level in 14 years. (AP Photo/Julia Nikhinson, File)
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How the Fed's rate hikes could affect your finances
By CORA LEWIS - Associated Press
Wed,12/14/22-5:46PM , 351 Reads
NEW YORK (AP) — The Federal Reserve's move Wednesday to raise its key rate by a half-point brought it to a range of 4.25% to 4.5%, the highest level in 14 years.
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- People walk on Regent Street, in London, on Nov. 17, 2022. Britain’s economy shrank in the three months through October, confirming the toll that rampant inflation and rising interest rates are having on business and industry. (AP Photo/Kin Cheung, File)
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UK inflation eases but little relief at near 40-year high
By DANICA KIRKA - Associated Press
Wed,12/14/22-2:24AM , 342 Reads
LONDON (AP) — U.K. inflation has eased but is still stuck near a 40-year high, piling pressure on employers to boost wages as the nation faces a wave of strikes and the Bank of England to approve a ninth consecutive interest rate increase.
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- The New York Stock Exchange, Wednesday, Dec. 14, 2022, in New York. The Federal Reserve raised interest rates by half a point on Wednesday. (AP Photo/Julia Nikhinson)
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Asia stocks follow Wall St down as Fed warns of higher rates
By ELAINE KURTENBACH - AP Business Writer
Wed,12/14/22-12:52AM , 423 Reads
BANGKOK (AP) — Asian shares skidded Thursday after a retreat on Wall Street as markets registered their dismay over the Federal Reserve’s warning that still higher interest rates are in store following its latest increase.

Oil prices fell while U.S. futures edged higher.
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