Asian markets drift lower as traders eye big week


Source: digitaljournal.com digitaljournal.com

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The Federal Reserve is expected to lift interest rates by 75 basis points this week as it looks to bring down inflation, which is sitting at a four-decade high - Copyright AFP/File Stefani Reynolds Asian markets slipped Monday at the start of a key week for equities as the Federal Reserve prepares to lift interest rates again and some of the world’s biggest companies report earnings. While the US central bank is widely expected to hike borrowing costs by 75 basis points, traders will be poring over policymakers’ views on the outlook for the world’s biggest economy as they try...