Good morning and welcome to another day on the ABC markets and finance blog. Stephen Letts from ABC business team limbering up for a blow-by-blow coverage of the day's events, where every post is hopefully a winner, but none should be construed as financial advice. Wall Street retreated overnight as hotter than expected inflation shortened the odds of the Fed raising rates in December. The ASX looks like giving up a large chunk of yesterday's gains. Futures trading is pointing to a 0.5% fall on opening (at 7:00am AEDT). The game's afoot, so let's get blogging.
Live: Wall Street retreats as hot inflation shortens odds of a rate hike, ASX set to slide
Wall Street hit the brakes as higher-than-expected inflation looks to have cemented a December rate hike, while the ASX is priced to slide as well. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
In brief
Good morning and welcome to another day on the ABC markets and finance blog. Stephen Letts from ABC business team limbering up for a blow-by-blow coverage of the day's events, where every post is hopefully a winner, but none should be construed as financial advice. Wall Street retreated overnight as hotter than expected inflation shortened the odds of the Fed raising rates in December.
This is the opening of the story, shared with credit to ABC News Australia. The rest of the report — with every detail — continues on the publisher’s website.
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