Country: AU | Published: 2026-09-17
Australian shares look set to open lower after the US Federal Reserve lifted rates, with the IMF also downgrading Australia's economic outlook and urging tighter fiscal spending. T
Australian shares look set to open lower after the US Federal Reserve lifted rates, with the IMF also downgrading Australia's economic outlook and urging tighter fiscal spending. The IMF's warning that further interest rate increases may be needed to tame inflation keeps banks and rate-sensitive sectors in focus. On the policy front, Canberra intensified its migration crackdown on student and backpacker visas, a move with ripple effects for universities and labor supply.