HONG KONG – Most stocks fell in Asia on Friday as the euphoria from the Federal Reserve’s upbeat economic outlook was replaced by fears the recovery will fan inflation and force policymakers to wind back on their pledge to maintain record interest rates for as long as needed.
While mind-boggling amounts of government stimulus and central bank support have helped the global economy bounce back from last year’s virus-induced collapse, traders have been battling for weeks to reconcile the bright outlook and the danger of runaway prices.
The Fed on Wednesday sought to placate the pessimists by once again promising it will not touch rates until it is satisfied un…
Keep on reading: Asia markets retreat as rate fears trump recovery optimism