Investors looked beyond the numbers. They didn’t like what they saw - Sydney Morning Herald

The driving force behind surging interest rates and the implosions in financial markets appears to have peaked. But appearances can be deceptive.

The Fed, and economists, prefer to exclude volatile petrol and food prices from their readings of inflation. Core inflation, however, while down from 6.5 per cent a year earlier to 6.2 per cent (with… [+4111 chars]

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