{
  "id": 10294404,
  "title": "Live: Wall Street closes higher, ASX lacks direction ahead of rates decision",
  "url": "https://urgent.news/2026/09/27/live-wall-street-closes-higher-asx-lacks-direction-ahead-of-rates",
  "topic": "world",
  "section": "World",
  "published": "2026-09-27T20:59:41.000Z",
  "source": {
    "name": "ABC News AU",
    "slug": "abc-news-au",
    "url": "https://www.abc.net.au/news/2026-09-28/asx-markets-business-live-news-september-28/107201818"
  },
  "original_language": "en",
  "account": "Wall Street experienced a volatile week, with another rally in AI-related stocks, leading to a higher close. The ASX, however, lacked direction and was priced for a flat opening ahead of the upcoming RBA rate decision. The week is marked by various economic indicators, including the RBA rates decision, Household Spending Indicator, CPI, dwelling approvals, private sector credit, home prices, trade balance, job vacancies, and the RBA Financial Stability Review. Most market economists and the big four retail banks agree that a 25 basis points rate hike is priced in by the market. The RBA staff suggests a pre-emptive tightening of policy due to capacity constraints and adverse supply shocks. Inflation is expected to remain high, with a consensus forecast of 3.6% for the trimmed mean and 4% for headline inflation. The housing market is expected to remain volatile, with building approvals falling in July and a possible further decline. Overseas, the US PCE inflation and jobs data will be closely watched, with the Fed's preferred measure of inflation increasing to 0.4% month-on-month. The three key Wall Street indices made solid gains for the week, with the S&P 500 and Nasdaq gaining 1.2% and 2% respectively.",
  "summary": "Wall Street closed a volatile week on an upbeat note, but the ASX remains under pressure. Follow the day's events and insights from our business reporters on the ABC News live markets blog.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}