ASX set to slide, Wall Street slips after weak update on the US economy
--------------------------------------------------------------------
Source: The Age
Published: 2026-08-17 05:22 UTC+10:00
Section: Business / Markets
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Economy & Finance, Financial Markets, Tax & Budget, Business & Economy
--------------------------------------------------------------------
Snippet:
The US stock market edged back from its all-time high following the latest report on the economy to come in surprisingly weak, this time about how much shoppers are spending at retailers. Such data could keep interest rates low, which is something Wall Street loves, but it also raises the risk of a slowing economy when inflation is still high.
--------------------------------------------------------------------