Morning Report 22 Aug 24: Rate cut hopes support Wall Street

Wall Street consolidates as investors increasingly expect the US Federal Reserve to cut rates in September, though the extent of the cut remains uncertain. Several retailers, including Target, have released earnings reports, with Target showing promising gains. Lithium miners are in focus after their latest earnings, while iron ore prices have risen on hopes of Chinese stimulus. Meanwhile, the Aussie share market is on track to extend its winning streak to ten days. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.