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Asian shares fall after Fed minutes point to faster rate rises

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Reuters

By Andrew Galbraith SHANGHAI (Reuters) – Asian share markets slumped on Thursday and European stocks were poised for a lower open after Federal Reserve meeting minutes pointed to a faster-than-expected rise in U.S. interest rates due to concerns about persistent inflation. U.S. stocks sold off overnight after investors interpreted minutes from the Fed’s December meeting as being more hawkish than expected. Fed policymakers said a “very tight” job market and unabated inflation might require it to raise interest rates sooner than expected and begin reducing its overall asset holdings as a second…

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