Asian stocks fell sharply to reach their lowest this year on Tuesday after comments from some Federal Reserve officials suggested that the U.S. central bank might have to raise its key interest rate higher than previously expected in the current battle against inflation.
Gold sank to a seven-month low as the dollar hit 11-month highs amid a spike in the U.S. benchmark 10-year bond yield to the highest level since 2007. Oil fell for a fourth day on concerns about the demand outlook.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.