Fed's recession warning sends Asia markets down, eyes on inflation data.

Asian markets are expected to follow the "risk off" sentiment from the US session after the Fed's last policy meeting showed officials expect a "mild recession" this year and are increasingly worried about regional banks. The Asian/Pacific calendar is light, with Chinese trade and Australian unemployment figures for March being the main events. Day four of the World Bank/IMF spring meetings in Washington could also yield market-moving headlines. China's economic re-opening from the COVID-19 lockdowns continues to divide opinion.