ASX set to fall as Fed signals more rate hikes ahead
Federal Reserve Chair Kevin Warsh says the central bank must be confident inflation is heading to its 2 per cent target. His comments raised September rate-hike odds to 56 per cent from 35 per cent. Three Fed officials have already warned about sticky inflation.
Why it mattersHigher rate odds mean borrowing costs could stay elevated longer, affecting home loans, credit cards, and business expansion plans.
AustraliaAustralian interest rates often move with US policy shifts; sustained US inflation fighting could delay RBA rate cuts and keep Australian borrowing costs higher for longer.
✓ Claims checked against the source and corrected before publish. checked 2 h ago
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