Australian shares are set to open higher as investors turned to tech stocks and brinkmanship over the US debt ceiling continues to plague markets.
Australian shares are set to open higher as investors turned to tech stocks at the start of a second week of uncertainty on Wall Street. Brinkmanship over the US debt ceiling continues to plague markets.
“I’m thinking two more moves this year – exactly where those would be this year I don’t know – but I’ve often advocated sooner rather than later,” he told an American Gas Association financial forum. The Fed’s preferred price metrics on Friday are projected to show inflation remained elevated in April, running more than double the central bank’s goal. Minutes of its early-May meeting on Wednesday may help shed some light on officials’ appetite for standing pat next month.
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