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HONG KONG (AFP): Markets fell in Asia on Thursday (Jan 6) following a painful sell-off in New York fuelled by bets that the Federal Reserve will embark on an aggressive campaign to fight soaring inflation by hiking interest rates several times.
The much-anticipated release of minutes from the US central bank's December policy meeting showed that while officials were concerned about the fast-spreading Omicron coronavirus variant, they were confident the world's top economy was in rude health and able to absorb high borrowing costs.
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