NEW YORK (Reuters) - Global equity markets and U.S. bond yields fell on Tuesday after data showed inflation cooling in the Unites States, raising fresh questions on when the U.S. central bank will begin tapering its asset purchases.massive bond-buying program. Further delaying this key Fed announcement is “distorting” the economy and throwing off markets, said BlackRock’s Chief Investment Officer of Global Fixed Income Rick Rieder. “Continuing to stimulate demand higher increases the risk of a severe supply/demand mismatch across economic as well as financial assets,” said Rieder, also the head of BlackRock’s global allocation team. The Dow Jones Industrial Average fell 292.06 points, or 0.84%, the S&P 500 lost 25.68 points, or 0.57%, and the Nasdaq Composite dropped 67.82 points, or 0.45%.The prospect of a corporate tax hike in the United States from 21% to 26.5% as part of a $3.5 trillion budget bill is also front and center for investors. Investment bank Goldman Sachs Group Inc estimates that if Democrats succeed in raising the corporate tax rate increase to 25% and get half of the hike proposed in foreign income tax rates, it could shave 5% off S&P500 earnings in 2022. In Asia, China’s tightening grip on its technology companies again kept investors on edge after authorities told tech giants to stop blocking each other’s links on their sites. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.43%. The dollar index fell 0.03 points or 0.03%, to 92.645. The euro was flat against the dollar at $1.1807. Oil prices ended largely unchanged as Tropical Storm Nicholas brought heavy rain and power outages in Texas but caused less damage to U.S. energy infrastructure than Hurricane Ida caused earlier this month. [O/R] Brent crude settled up 90 cents, or 0.1%, at $73.60 a barrel. U.S. crude ended 10 cents higher at $70.46 per barrel. Spot gold prices rose $12.7509, or 0.7%, to $1,806.24 an ounce. [GOL/]