What the Wall Street crash means for rates

Ian Verrender, the chief business correspondent for ABC, breaks down the recent chaos in global stock markets. He discusses the panic sell-off triggered by fears of a recession in the U.S. and rising interest rates in Japan. Investor sentiment has shifted dramatically, reflecting growing concerns about economic stability. Verrender highlights the impact on tech stocks and the interconnectedness of global economies, particularly Australia and China, and explains the Reserve Bank of Australia's cautious approach amidst this turbulence.