Asian stocks drop after tepid Wall St lead, euro dips further

While data showed US inflation slowed in May, providing fresh hope that the central bank will cut interest rates this year, optimism was tempered by policymakers' paring of expectations for how many would be made. And over the weekend, Minneapolis Fed chief Neel Kashkari said officials need not rush to loosen policy, while his Cleveland counterpart Loretta Mester remained concerned that inflation could still pick back up. Meanwhile, the spike in prices is having an impact on consumer sentiment...