Morning Report 22 Aug 24: Rate cut hopes support Wall Street

Wall Street consolidates as investors increasingly expect the US Federal Reserve to cut rates in September, though the extent of the cut remains uncertain. Several retailers, including Target, have released earnings reports, with Target showing promising gains. Lithium miners are in focus after their latest earnings, while iron ore prices have risen on hopes of Chinese stimulus. Meanwhile, the Aussie share market is on track to extend its winning streak to ten days.

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