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US inflation may provide a ‘glimpse’ of Australia’s future
Sky News Business Editor Ross Greenwood says the 8.3 per cent US inflation rate may provide a “glimpse” of what it might be like in Australia in three or four months’ time.
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“The things that were going up fastest in America are the things that are rising in Australia,” he told Sky News Australia.
“The response on the markets has been immediate; our market today has already lost another 1.2 per cent, about 82 points. The Australian dollar has fallen; it’s currently sitting at around 69.1 US cents.”
( Source : Sky News Australia Youtube Channel )
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