News Snapshot:
HONG KONG: Markets drifted in Asia on Wednesday, with investors trying to navigate an uncertain economic landscape as central banks hike interest rates to fight runaway inflation, in turn fuelling fears of a possible recession. But while officials at the Federal Reserve and its peers are expected to keep tightening monetary policy for the rest of the year, talk is building that they will be able to ease up in 2023 – and maybe even cut rates – if the pace of price rises comes down. Minutes from the Fed’s July meeting will be pored over when they are released...
