Aug 30, 2026 – 12.16pmThe sharemarket is starting the week on the backfoot as traders scramble to recalibrate their United States interest rate expectations after Federal Reserve chairman Kevin Warsh delivered a hawkish message to the market, vowing to stamp out inflation.After a week of turmoil in the bond market that pushed yields to multi-decade highs, Warsh appeased investors in his first major speech since taking the helm by reiterating that the world’s most influential central bank will return inflation to the 2 per cent target and if it didn’t, policymakers “have work to do”.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
ASX to retreat as Fed Reserve’s Warsh forces pivot on interest rates
Futures point to a weak start for the sharemarket on Monday as traders recalibrate their rate bets both in the United States and Australia.
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