ASX to edge up, Wall St pares modest losses late in session

Australian shares are set to edge higher at the open. US equities rebounded from session lows to end modestly lower after solid economic data dented the probability of further rate cuts this year.

An upward revision to US economic growth in the second quarter and a decline in claims for jobless benefits led to the probability of a quarter point rate cut at the Federal Reserve’s late October policy meeting falling to 85.5 per cent, from 91.9 per cent the previous day.

Source: https://www.afr.com/markets/equity-markets/asx-to-slip-wall-st-wavers-as-next-catalyst-awaited-20250926-p5my1p