Cost-of-living crisis: Inflation anxiety triggers market chaos - The Australian Financial Review

Global shares dived and bonds returned to sell-off mode as fears of elevated inflation and slowing growth intensified. The Bank of England warned inflation will hit 10 per cent in the fourth quarter.

The BoE raised interest rates a quarter-percentage point for a fourth consecutive time on Thursday in London, lifting the UK benchmark rate to a 13-year high of 1 per cent, and joining the Fed and th… [+4513 chars]

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