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ASX:PDN.AX News 28 January 2026

Australia stock market today: ASX 200 snaps winning streak as inflation jolts RBA rate-hike bets

Australia stock market today: ASX 200 snaps winning streak as inflation jolts RBA rate-hike bets

Sydney, Jan 28, 2026, 21:53 (AEDT) — Market closed. Australian shares slipped slightly on Wednesday, ending a three-day winning streak as hotter inflation data raised bets on an imminent rate hike. The S&P/ASX 200 dipped 7.7 points, or 0.09%, closing at 8,933.9. The broader All Ordinaries fell 0.19% to 9,250.6. (Commbank) Rates are back in focus. Australia’s trimmed-mean CPI, which…
28 January 2026
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Stock Market Today

  • Bitcoin and Ethereum Face Volatility Ahead of Federal Reserve Rate Decision
    January 28, 2026, 9:28 AM EST. Bitcoin trades near $89,842 and Ethereum surpasses $3,000 as investors await Wednesday's Federal Reserve meeting. Markets price a 97% chance that the Fed will keep interest rates steady at 3.5%-3.75%. Focus shifts to Fed Chair Jerome Powell's comments on the 4.4% unemployment rate. Analysts warn of a 'narrative whipsaw' - unpredictable reactions to Fed guidance. A hawkish stance could remove expectations for rate cuts, pressuring crypto prices. Conversely, a dovish tone may boost expectations for rate reductions by midyear, encouraging crypto gains. Traders remain vigilant as labor market signals and Fed rhetoric will influence near-term cryptocurrency trends.
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