ASX 200 jumps toward record after inflation print; WiseTech job cuts and Woolworths rally
The S&P/ASX 200 rose 1% to 9,114 points by early afternoon Wednesday, nearing a record high after January CPI held at 3.8% and core inflation ticked up. WiseTech surged up to 11% on AI-driven restructuring, while Woolworths hit a 17-month high after a profit beat. Rate hike odds for May climbed to 80% following the inflation data.