Asian Shares Fall on Fed Officials’ Hawkish Policy Stance

Asian Shares Fall on Fed Officials’ Hawkish Policy Stance
An electronic stock quotation board is displayed inside a conference hall in Tokyo on Nov. 1, 2021. Issei Kato/Reuters
Reuters
Updated:

TOKYO—Asian shares took a beating on Friday after a fresh salvo of hawkish remarks from Federal Reserve officials solidified expectations that U.S. interest rates could rise as soon as March, leaving markets braced for tighter monetary conditions.

Fed Governor Lael Brainard became the latest and most senior U.S. central banker on Thursday to signal that rates will rise in March to combat inflation.