ASX drifts lower as world awaits US Fed hike - news.com.au

<p>The Australian sharemarket started strong on Wednesday but drifted lower ahead of what many were tipping to be the largest US interest rate hike in more than two decades.</p>

Volumes were subdued as ASX investors waited for Wednesday nights meeting of the US Fed and an expected 50 basis-point rate hike.The Australian sharemarket started strong on Wednesday but drifted low… [+4499 chars]

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