Business
ASX set for gains after Wall Street advances; Apple shares seesaw after release – Sydney Morning Herald
Wall Street had an up-and-down day as the central bank’s two-day meeting got underway while Apple shares moved around after the release of new products.
Investors were optimistic as the Fed began its first policy meeting since Chair Jerome Powell announced a more accommodative stance on inflation.
“While the economy is slowing, the upcoming macro news should be friendly, which should indicate the Fed will have no change in terms of policy,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
Data on Tuesday showed US factory output increased strongly in August. Separately, US import prices increased more than…
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