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AAP
AAP
Politics
Dominic Giannini

SHOCKING: More stress for family budgets minister | Mind Blowing Facts

Stephen Jones United States Australia China Inflation Interest Rates

The assistant treasurer has flagged further stress for household budgets following a spike in US interest rates.

The US Federal Reserve announced a 0.75 percentage point increase in official rates to a target range of three to 3.25 per cent, the highest levels in almost 15 years.

It comes off the back of higher-than-anticipated inflation figures, which have sent shockwaves through share markets,

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