ASX to lift; Consumer confidence buoys Wall Street

News Snapshot:

Traders and economists are in near-unanimous agreement that the Fed will raise rates by a quarter percentage point Wednesday. Views diverge on how long the central bank will keep rates high and if another hike by the end of the year will be necessary. But one narrative is clear: The disinflationary process is underway, which means the jumbo rate hikes and volatility that came with them are firmly in the past. “The market has now fully digested that plus or minus 25 basis points, the hiking cycle is coming to an end,” said Alessio de Longis, senior portfolio manager of...