The ASX has finished lower at market close, off the back of the US Federal Reserve lifting interest rates for the ninth consecutive time, increasing its cash rate by 0.25 percentage points and taking rates to their highest level since the global financial crisis.
Wall Street initially rebounded at the rate hike decision, but finished lower for the day after Fed chairman Jerome Powell said the country's banking system was "sound" in the wake of the collapse of Silicon Valley Bank and Signature Bank.
Look back at the day's financial news and insights from our specialist business reporters on our blog.
