ASX set to slide as Wall Street retreats; Fed chief talks up inflation fight
The bond market swung as investors built bets that the Federal Reserve may hike interest rates soon to get the nation’s high inflation under control.
The Australian share market is expected to decline, following a retreat on Wall Street. The bond market has been volatile as investors bet that the Federal Reserve may soon raise interest rates to combat high inflation.
Investors are focused on controlling inflation. According to The Sydney Morning Herald, this has led to fluctuations in the bond market.
Wall Street experienced a decline, but details on the cause and extent of this decline are limited. Business Insider did not provide relevant information regarding the market movements or inflation.
Brief written by urgent.news from The Sydney Morning Herald, Business Insider — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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