Asian shares track Wall Street decline on hot economic data,The Dow Jones Industrial Average dropped 1 to 32,816.92, while the Nasdaq composite lost 1.7 to 11,394.94.Higher rates can drive down inflation, but they raise the risk of a recession.The measure of inflation preferred by the Fed, reported Friday, said prices were 4.7 higher in January than a year earlier, after ignoring costs for food and energy because they can swing more quickly than others.
Asian shares track Wall Street decline on hot economic data
The Dow Jones Industrial Average dropped 1 to 32,816.92, while the Nasdaq composite lost 1.7 to 11,394.94.Higher rates can drive down inflation, but they raise the risk of a recession.The measure of inflation preferred by the Fed, reported Friday, said prices were 4.7 higher in January than a year earlier, after ignoring costs for food and energy because they can swing more quickly than others.
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