ASX slides lower after Wall Street slumps as Fed signals rate rise this year

ASX slides lower after Wall Street slumps as Fed signals rate rise this year

The Australian sharemarket has inched higher at the open while Wall Street slumped on speculation the Federal Reserve may hike interest rates this year to keep a lid on inflation.

Dollar clings to two-month peak as Fed rate-hike bets mount, yen slides

ASX slides lower after Wall Street slumps as Fed signals rate rise this year

The Australian sharemarket has inched higher at the open while Wall Street slumped on speculation the Federal Reserve may hike interest rates this year to keep a lid on inflation.

Wall Street sinks on bets Fed will hike rates this year

The S&P 500 and Nasdaq closed down by more than 1% today, as traders bet that the Federal Reserve’s next move would be a rate hike after new Fed Chair Kevin Warsh highlighted the need to ta...

What Warsh's first meeting as Fed chair signals

The Federal Reserve held interest rates steady in the first meeting led by Kevin Warsh. The decision to maintain rates for a fourth-straight meeting was supported by all 12 members of the F...