Stocks, Australian dollar rally after US Federal Reserve pulls interest rate trigger - The Australian Financial Review

Stocks and the Australian dollar rose after the Federal Reserve raised its benchmark rate, and an upbeat jobs report heaped pressure on the RBA to raise rates sooner.

The Fed cut economic growth forecasts, and raised its estimates of inflation. It also flagged a highly uncertain impact from the war in Ukraine, but dropped any direct reference to the coronavirus pa… [+4203 chars]

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