Market Views: How will Asia’s capital markets react to rising interest rates?

On March 23, US Federal Reserve policymakers said they were prepared to act aggressively to bring down unacceptably high inflation, including a possible half-percentage-point interest rate hike, or even more, at its next meeting in May. The Fed had previously forecast that rates could rise to 1.9% or higher by the end of the year. The messaging came barely a week after the Fed's move to raise interest rates by 25 basis points on March 16 - the first since 2018, as the US posted th…