Live: ASX set to slip as Wall Street slides on inflation worries
US Federal Reserve chair Kevin Warsh's warning about entrenched inflation sparks a slide on Wall Street that is likely to impact the ASX. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
The ASX is expected to decline as Wall Street experiences a downturn due to concerns over inflation. Federal Reserve Chair Kevin Warsh highlighted the central bank's focus on curbing inflation during his Jackson Hole speech, leading to a rise in interest rates. As a result, equity markets are anticipated to experience a drop, with futures markets pricing in a 0.4% decrease for the ASX at the opening bell. The day's financial news and insights will be covered in the live blog.
Written by urgent.news from ABC News AU's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- She learned finance on Wall Street. Now she is changing how Africa gets funded. techcabal.com
- Wall Street banks turn on each other as capital fight nears endgame qatar-tribune.com
- From Goldman Sachs to Citadel, see 9 years of Wall Street rising stars who made their mark businessinsider.com
- Dow Jones, S&P 500, Nasdaq: Wall Street reacts positively to Warsh – Paypal share plummets handelsblatt.com
- Wall Street opens subdued ahead of Warsh's speech businesstimes.com.sg
- ASX set to slide as Wall Street retreats; Fed chief talks up inflation fight theage.com.au
- ASX set to slide as Wall Street retreats; Fed chief talks up inflation fight smh.com.au