In sydney. Im Annabelle Droulers in hong kong. I am kathleen hays. Conscious sentiment as traders recalibrate rate hike expectations. All major u. S. Indices had their worst months since june. The cleveland fed president makes it clear she does not expect the central bank to cut rates next year. She says they need to be above 4 . Australia holds a economic summit in canberra. Now, august is ending with a whimper rather than a bang. The likelihood of a fed visit pivot is embraced after the jackson hole speech. Jack josh jay powell gave a very hawkish message. Look at the futures. A little rebound here. Not surprising. It was not such a big move, just the totality of all major indices having the worst month since june. The s p down more than 4 in august. Every major asset class fell in august. New york crude is now down about . 71. 88. 84. For the month we had a drop of more than 9 in august. That was the biggest monthly drop since 2020, the start of the pandemic. People are worried abou
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