ASX to slip ahead of CPI, Pilbara tips higher output, lower costs

Australian shares are set to edge lower at the open. Shares were broadly lower on Wall Street with investors awaiting more earnings reports and guidance from the Federal Reserve on the rate outlook.

Fed policymakers began a two-day meeting on Tuesday (Wednesday AEST). A statement will be released at 4am AEST on Thursday. While rates are expected to be held, investors are keen to see if chairman Jerome Powell has begun to lean towards a rate cut at the next meeting in September.

Source: https://www.afr.com/markets/equity-markets/asx-to-slip-wall-st-edges-down-as-fed-awaited-20250730-p5misz