ASX set to slide as Wall Street retreats; Fed chief talks up inflation fight
World2 sources1 country🔦 Under-reported37m ago
Australian share markets are anticipated to decline following a retreat on Wall Street, which was driven by growing concerns over inflation. US Federal Reserve Chair Kevin Warsh warned of entrenched inflation, prompting a negative reaction across American markets that is expected to directly impact the ASX.
The market downturn coincided with significant movement in the bond market. Investors increased speculation that the Federal Reserve might implement near-term interest rate hikes in an effort to bring the United States' high inflation under control.
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How the coverage differs
Same story, different emphasis — here's what each outlet chose to lead with.
ABC News (AU) (AU)Focuses on the immediate spillover effect onto Australian markets from US Fed warnings.
Sydney Morning Herald (Sydney, Australia) (AU)Emphasises bond market reactions and investor speculation regarding imminent interest rate hikes.
Newz