Episode Details
Back to Episodes
Fed Hikes Ahead as Markets Wobble | Perth News
Description
Australian markets wobbled today as investors braced for the Fed’s big rate decision—expected to hike by 25 basis points—sparking jitters mirrored globally amid rising oil and bond yields. Economists forecast more hikes in September and Q4 to cool inflation without crushing growth. Energy stocks soared on higher crude, while BHP rebounded slightly; gold miners cashed in despite steady gold prices, but lithium stocks lagged as demand softens. Financials and consumer stocks dipped, and Bitcoin fell below $75K after a crypto bill stalled in Senate. James Hardie’s shares tumbled despite upbeat future cash flow forecasts—earnings guidance stayed flat. All eyes remain on the Fed’s next move and its ripple effects.
Listen in comfort:
Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Sources:
https://www.perthnow.com.au/news/business/aussie-shares-waver-ahead-of-key-us-interest-rate-call-c-22878077
More coverage & latest updates:
https://sources.thednn.ai/e3846e6425561dfd
Report issues to feedback@thednn.ai.