GLOBAL MARKETS-Asian shares slip, deepen weekly loss after hawkish Fed ...Middle East

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GLOBAL MARKETS-Asian shares slip, deepen weekly loss after hawkish Fed
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Asian shares extended losses for the week, U.S. Treasury yields climbed and the greenback hovered near two-month highs on Friday as investors digested comments from the U.S. Federal Reserve projecting rate hikes in 2023. While the Fed messaging indicated no clear end to supportive policy measures such as bond buying, signals of faster-than-expected rate hikes indicated its concern about inflation as the U.S. economy recovers from the COVID-19 pandemic.

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