Wall Street Gains on Softer-Than-Expected August Inflation; ASX Faces Pressure Despite US Upside
Wall Street stocks advanced after August US inflation data came in softer than economists expected, reducing fears of another Federal Reserve rate hike in the near term.
Key points
- Wall Street stocks advanced after August US inflation data came in softer than economists expected, reducing fears of another Federal Reserv
- The ASX is positioned to move lower despite the positive Wall Street close, reflecting divergent domestic Australian economic conditions and
- Softer US inflation provides global equity markets with near-term relief from rate hike risk, while Australia’s own inflation trajectory and
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🇦🇺 Australia Stocks Economic Data inflation rba fed au macro cpi