Australian share market sheds billions on US inflation news heralding more interest rate pain

The S&P/ASX200 had shed 198.5 points, or 2.83%, while the broader All Ordinaries had dropped 196.3 points, or 2.7%.The S&P/ASX200 had shed 198.5 points, or 2.83%, while the broader All Ordinaries had dropped 196.3 points, or 2.7%.First published on Wed 14 Sep 2022 03.02 BST

The US federal reserve is expected to continue jacking up the cash rate as Wall Street suffered its biggest hit in two years. “This shows that inflation remains a difficult beast to tame and points to further interest hikes in Australia as well,” he said.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market meltdown is an ominous sign for interest ratesUS interest rates, and those around the world, may have to rise faster and further after the release of inflation data that was worse than anticipated and sent global sharemarkets tumbling. Where those in the markets saw rates peaking either late this year or early next year around 4 per cent, it now looks likely that peak will occur well into next year and solidly above 4 per cent, Controlled demolition!
Source: brisbanetimes - 🏆 13. / 67 Read more »

Australian share market loses nearly $60 billion on openThe Australian share market plunged almost 2.6 per cent within minutes of opening today, with spooked US investors causing a major slump on the ASX. 9News DETAILS: Global Financial Crash is on the very near horizon. Conspiracy theorists aren't so crazy now are they. . Thank you America for f...king up Australia. The great reset is upon us
Source: 9NewsAUS - 🏆 10. / 72 Read more »

Australian share market loses nearly $60 billion on openThe Australian share market plunged almost 2.6 per cent within minutes of opening today, with spooked US investors causing a major slump on the ASX. 9News
Source: 9NewsSyd - 🏆 23. / 51 Read more »