ASX to drop; Fed holds rates amid hot US inflation (opens original article in a new tab)

Australian shares are set to open higher as the Fed is expected to maintain interest rates, with markets anticipating a potential rate hike by mid-2027.

• ASX futures up 0.1% ahead of Fed's rate decision
• Fed expected to keep rates unchanged at 3.50-3.75% for fourth meeting
• Money markets still anticipate 25 basis point rate hike by Q1 2027