Breakfast briefing; Scorching inflation hits 40 year high in the US - Interest.co.nz

US inflation hits 40 year high; US budget deficit shrinks fast; Canada goes the whole hog; IMF warns over slow reactions; China banks face tough tests; UST 10yr 2.91%; gold up and oil unchanged; NZ$1 = 61.6 USc; TWI-5 = 70.6

Here's our summary of key economic events overnight that affect New Zealand, with news all about inflation and its pressure on central banks. First up today,the headline American CPI inflation rate … [+5954 chars]

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