Asian stock markets are trading mostly lower on Tuesday, extending the sell-off in the previous session, following the broadly negative cues from the global markets overnight, as rising worries about global economic slowdown, higher bond yields and looming aggressive interest rate hikes triggered heavy selling across the board. The Asian markets closed mostly sharply lower on Monday.
The US Federal Reserve is scheduled to announce its latest monetary policy decision on Wednesday, with the central bank expected to continuing raising interest rates in an effort to combat inflation. It is widely expected to raise rates by 50 basis points.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.