Asia stocks fall, dollar stands firm after sticky U.S. CPI

came in at 6.4% year-on-year for January, a bit higher than the 6.2% economists had expected, setting off selling in the bond market and Fed funds futures as hopes that rates could be cut later this year grow dimmer and dimmer.

Two-year Treasury yields , which rise when prices fall, climbed nearly nine basis points in New York trade to 4.611%, widening their premium over 10-year rates - an unusual phenomenon that reliably signals recession.By mid-morning Hong Kong time, MSCI's broadest index of Asia-Pacific shares outside Japan

Let's be real, as long as the US government has the most powerful military and the largest economy in the world, the dollar will stand strong. It will not be replaced as the world's dominant reserve currency.

Indian stocks are actually rising high dear. Where are you sleeping?

firm AND sticky. Oh, my. 🙈

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