Shock US inflation a rude reality check for already shaken markets - Sydney Morning Herald

The Federal Reserve Board meets this week against the backdrop of a shock increase in inflation late on Friday, leaving chair Jerome Powell little choice but to raise rates for the third time this year.

Given their debt levels Italys debt-to-GDP is expected to go close to 150 per cent by the end of this year and Greeces closer to 190 per cent the prospect of rapidly rising European rates threatens m… [+4841 chars]

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