Australian share market sheds billions on US inflation news heralding more interest rate pain
by Australian Associated Press from World news | The Guardian on (#63KQ5)
Potential for further rate hikes in the US points to more bad news for Australia too, expert warns
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More than $60bn has been wiped off the Australian share market after huge losses in the US and there are fears the sell-off could herald more interest rate pain.
The US federal reserve is expected to continue jacking up the cash rate as Wall Street suffered its biggest hit in two years.
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