Asian stocks declined on Monday as hot inflation data from the United States stoked concerns the Federal Reserve may prolong its rate tightening cycle.
An unexpected acceleration in January of the personal consumption expenditures price index, the Fed's favored inflation gauge, boosted Treasury yields and sent investors fleeing riskier assets. Oil prices fell on recession fears and a firmer dollar, while gold neared a two-month low.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.