Australian markets face a fresh inflation shock, with headline CPI jumping back to 4 per cent in August from 3.5 per cent in July, driven by housing and fuel costs and lifting expe
Australian markets face a fresh inflation shock, with headline CPI jumping back to 4 per cent in August from 3.5 per cent in July, driven by housing and fuel costs and lifting expectations for another rate hike at the central bank's early November meeting. Banks slipped in early trade on Wall Street's weak lead, while gold miners gained as investors sought shelter. The hotter print lands on top of an already hawkish backdrop, with the currency under pressure and the cash rate sitting at a 15-year high, keeping the cautious mood intact.
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