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 bond market has been fluctuating as investors are betting that the Federal Reserve may raise interest rates soon to combat high inflation. This is according to reports from The Age and The Sydney Morning Herald.
Investors are positioning themselves for potential interest rate hikes by the Federal Reserve.
There was no additional information in the reports that could be verified and used to expand on this story.
Brief written by urgent.news from The Age, The Sydney Morning Herald, Business Insider — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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