Federal Reserve raises interest rates with more possibly on the way | ABC NEWS
A majority of the Fed board predicts another rate rise this year
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A majority of the Fed board predicts another rate rise this year
Cathie Wood predicts bitcoin could hit US$1.5 million within the decade
Fuel/petrol prices will rise further after Houthi control of another Red Sea oil shipping lane.
Oil prices are expected to stay persistently high, with Brent near $US100 and potential to rise beyond $US100 on further Middle East escalation, feeding into prices in coming months and into 2027.
The US bond market is a 'slow moving car crash' with an inflationary spiral risk that would require US interest rates at 8 per cent — bond prices lower, yields higher.
The US-Iran war has driven oil prices higher, with the impact felt worldwide.
Global AI spending is expected to reach US$1 trillion next year, with the AI investment boom just beginning.