Asian shares stepped back on Wednesday after strong U.S. inflation data and comments from Federal Reserve officials rekindled the prospects of the central bank raising rates later this year, Reuters reported. Wall Street sold off on Tuesday after U.S. consumer prices recorded their biggest increase in more than three years in April as gasoline and rents rose. Other data on Tuesday showed housing starts and industrial production rebounded strongly last month, adding to the case for an early rate hike.To subscribe please click here
