scorecardresearchHawkish Bets Ebb in Asia as Global Recession Fears Spill Over

Hawkish Bets Ebb in Asia as Global Recession Fears Spill Over

Updated: 04 Aug 2022, 10:49 AM IST
TL;DR.
Traders are dialing back rate hike bets in emerging Asia as growth concerns steadily overtake inflation angst.
A woman shops for groceries at a store on July 29, 2022 in Arlington, Virginia. - The US economy contracted for a second straight quarter between April and June, government data showed Thursday, adding fuel to recession fears in a headache for President Joe Biden ahead of midterm elections. (Photo by OLIVIER DOULIERY / AFP)

A woman shops for groceries at a store on July 29, 2022 in Arlington, Virginia. - The US economy contracted for a second straight quarter between April and June, government data showed Thursday, adding fuel to recession fears in a headache for President Joe Biden ahead of midterm elections. (Photo by OLIVIER DOULIERY / AFP)