live Markets live updates: ASX set to fall after Wall Street closed down, Trump says more attacks on Iran expected The Australian market is set to fall after Wall Street closed down. Overnight, President Donald Trump threatened that the US military was "going to be attacking" Iran if no peace deal was agreed, claiming Tehran was "playing us for suckers". Gold also plunged 4.5 per cent.
A strange thing may happen in the coming days. Federal Reserve Chair Kevin Warsh may do exactly what his predecessor Jerome Powell had done about interest rates — only to get a completely different response from President Donald Trump. Trump's unexpected comments Wednesday on the latest inflation figure may give Warsh some space on interest rates.
