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Interest rates in the US haveIt's the biggest rate hike since the mid-1990s."With inflation running at a rate not seen for 40 years, the markets expected the central bank needed to take drastic action — and it did.
"The Federal Reserve says a variety of factors are leading to higher inflation, including the war in Ukraine and China's COVID-related lockdowns, and there are likely more rate rises to come."The latest data on Australian jobs and employment are due to be released this morning. Last month, the ABS reported that Australia's unemployment rate had dropped to 3.9 per cent and the underemployment rate had fallen from 6.3 per cent to 6.1 per cent.
That was pre-election — feels like a lifetime ago, right? — so, we'll soon find out where the first numbers under the new federal government land.Brazillian media is reporting that two suspects have confessed to killing and dismemberingafter they went missing for more than a week in the Amazon rainforest. Federal police released a statement saying they were still searching for Phillips and Pereira, but did refer to the case as a murder investigation.
. ICYMI, the Fair Work Commission announced some major changes yesterday, with Australia's lowest-paid workers set to receive a pay increase.
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