
The S&P/ASX 200 (XJO) set to bounce on US interest rates
Australia’s S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) stock market indices hit their lowest levels since late 2020 on Wednesday. However, a decision by the US Federal Reserve overnight to lift interest rates by 0.75% has calmed markets. The ASX 200 is pointing to a positive open on Thursday.