The Overnight Report: Mixed Messages
Fed staffers feel a US recession is nigh but stubborn inflation appears set to push the FOMC into another rate hike. Dow down -38. (Available for non-subscribers after 10am)
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Fed staffers feel a US recession is nigh but stubborn inflation appears set to push the FOMC into another rate hike. Dow down -38. (Available for non-subscribers after 10am)
Residents in Western Australia's Pilbara region have been ordered to evacuate ahead of the landfall of Cyclone Ilsa, with authorities warning the weather event is a "possible threat to lives".
Record-breaking winds of more than 210km/h have been recorded as cyclone Ilsa reaches western Australia.
The NSW government has sacked Transport for NSW boss Rob Sharp, and WA is being battered by 285km/h winds courtesy of Cyclone Isla.
Rain sees a start to planting, while in the south dairy farmers are renovating pastures.