Rate hike likely after CPI surprise; ASX record high; Trump’s rollicking State of the Union

Thursday 26 February 2026

Higher than expected inflation figures have upped the chance of an interest rate hike in coming months. 

• The local sharemarket hits an all-time high
• A bumper profit at Woolworths sends its share price up the most in 30 years 
• AI bites, with WiseTech Global to cut 2,000 jobs
• Donald Trump’s loud, abrasive State of the Union address

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