Like it or not the shadow of inflation continues to cast a long shadow over the markets and the economy. No surprise then that Wall Street lost ground on Wednesday as surging consumer prices fueled fears of a longer-than-expected wave of heightened inflation. As a result, all three major U.S. stock indexes were in negative territory, extending their losses and adding to Tuesday’s sell-off which snapped the S&P 500’s and Nasdaq’s eight-session runs of all-time closing highs.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
The RBA minutes just out included a discussion about the case to raise the cash rate further. It centred on the observation that it...
In the past 48 hours we had a no change interest rate decision from the RBA and monthly headline inflation which dropped within the...
We look at the latest results from our surveys to discover how households are reacting to the bush fires and other economic factors. Who...
