NZ slips, Australia shares also set to open lower after Wall Street drop

Australian shares are set to open lower on
Thursday, tracking a sharp drop on Wall Street, after U.S.
Federal Reserve Chairman Jerome Powell dampened expectations for
further interest rate cuts.
The central bank announced its first interest rate cut in a
decade, as expected, but markets slipped after Powell’s speech,
where he signaled that the cut was a “mid-cycle adjustment” and
likely not the first of a series of rate cuts.
The local share price index