Aust stocks hit 10-week low after Fed's 'hawkish pause'

The local share market has suffered its fourth day of losses, falling to a 10-week low. (Dan Himbrechts/AAP PHOTOS)

The Australian share market has dropped to a more than two-month low after the Federal Reserve hammered home that interest rates would likely stay higher for longer.

The benchmark S&P/ASX200 index dropped for a fourth straight session on Thursday, falling 98.1 points, or 1.37 per cent, to 7,065.2 - its lowest close since July 10.