Australian shares are poised to start the week lower; Dow Jones leads declines on Wall Street; iron ore edges back towards $US120 a tonne. Follow the latest here.
The sharemarket is not the economy, or so the saying goes. But as exhausted investors look towards 2022, there’s a clear message they can take from a monster day of macroeconomic news from the Federal Reserve, the Reserve Bank of Australia, the federal government’s mid-year economic and fiscal outlook and staggeringly good local employment data.
doubling the pace at which the Fed is scaling back purchases of Treasuries and mortgage-backed securities
Australia Latest News, Australia Headlines
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