US Federal Reserve takes first rate step: The RBA is sure to follow - Sydney Morning Herald

The world’s most important central bank has started lifting interest rates. It means the Reserve Bank of Australia will not be far behind.

Data overnight showed inflation in Canada lifting to 5.7 per cent, its highest rate since the late 1980s. Inflation in both the US and Australia is likely to persist through 2022. Ryan Felsman, Com… [+1592 chars]

full article...