(Bloomberg) -- Asian stocks started the morning session lower after higher-than-expected U.S. inflation data supported the view that the Federal Reserve is likely to keep interest rates higher for longer. Bloomberg's top reads U.S. Sees Missile Attacks by Iran, Proxies on Israel Looming U.S. Slams Attack on Russian Oil-Smelting Plants as Risk to Oil Market U.S. Inflation Refuses to Bend, Adding to Worries It Will Persist China Cement Producer Halts Production After Plummeting 991TP in 15 Minutes 3T The S&P 500 was hit by the Fed's switching of the ropes and war jitters. The S&P 500 has been hit by the Fed's reversal of interest and war jitters.