Asian stock markets are a sea of red on Friday, following the broadly negative cues from global markets overnight, amid continuing concerns about the impending recession and the global economic outlook following the recent aggressive interest rate hikes by the US Fed and other major central banks. Asian markets ended mostly lower on Thursday.
The Fed's economic projections suggest further aggressive interest rates in the final two meetings of the year, as the central bank continues its aggressive efforts to combat elevated inflation.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.