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ABC News
ABC News
Business
business reporters Daniel Ziffer and Kate Ainsworth

Markets predict interest rate rise, ACCC says lack of competition driving up airfares, ASX closes higher after US debt ceiling deal signed — as it happened

Markets are widely predicting another interest rate rise ahead of tomorrow's RBA board meeting, while the ASX has closed higher on its first day of trade for the week, after a US debt ceiling deal was signed into law by US President Joe Biden.

It follows the Australian consumer watchdog taking aim at the airline industry, saying a lack of competition is driving up airfares and resulting in poorer service. 

Look back on the day's financial news and insights from our specialist business reporters on our blog.

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