ANALYSIS: We've seen big stock market falls before but here's why this one is 'different'
That's financial jargon to describe a steep drop in the ASX200 index from its August 13, 2021 record closing high of 7,628.
Danielle Ecuyer believes the Federal Reserve will "go as hard as it can" to quash demand in the US economy to lower inflation. That is, with all the uncertainties out there in the ether, there is one rock hard certainty – inflation must be brought to heel. There's no way around it.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: