percentage point hikes

Annual inflation in the US has slowed to 7.7 per cent, the lowest level since January and below analyst expectations.Wall Street stocks surged after the news, with the Dow ending 3.7 per cent higher with a nearly 1200-point jump. The…

Stocks rallied while the dollar slumped against rival currencies on Thursday after a drop in US inflation dimmed expectations of more aggressive Federal Reserve rate hikes.The consumer price index (CPI), a key measure of inflation, rose at…

The Reserve Bank of Australia deputy governor Michele Bullock says there is still a path for Australia to avoid going into recession.“We still feel that there is a path for us here where we can get inflation down, not go into recession,…