ASX Set to Fall 0.7% After Fed Rate Hike

Stocks Drop Sharply After Fed Chair's Remarks

US stocks fell on Wednesday after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more may be ahead as it tries to get the nation's high inflation under control. The S&P 500 fell 33.92 points, or 0.4%, to 7,...

ASX to drop, US stocks tumble on bleak inflation, rate outlooks

ASX to tumble 1pc; the Dow shed 750 points and the S&P 500 fell below 7550; Fed tips higher than target inflation through most of 2029. Follow live.

Market Open: ASX set for weaker open after Fed hike; tech, miners and energy in focus

The ASX is set to open lower today after the US Federal Reserve raised interest rates for the first time since 2023.

ASX 200 Faces a 0.8% Opening Drop After the Fed Restarts Rate Hikes

Australia’s S&P/ASX 200 faces a lower opening Thursday after the Federal Reserve restarted rate increases and Wall Street sold off into the close. A 6:21 a.m. AEST futures reading pointed to a 68-point, or 0.8%, drop at the Sydney open. The signal would erase Wednesday’s modest rebound if it carries into cash trading. The ASX…

ASX set to fall 0.7% after Fed rate hike

US stocks fell on Wednesday after the Federal Reserve raised interest rates for the first time in three years and flagged persistent inflation risks.The Dow Jones Industrial Average dropped 631.21 points, or 1.21%, to 51,461.90. The S&P 500 fell 0.45% to 7,551.81, while the Nasdaq Composite was almost flat, slipping 0.01% to 25,978.42.The Fed unanimously