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ABC News
ABC News
Business

A 'difficult' day for homeowners as Treasurer Jim Chalmers predicts more pain before inflation is brought under control

Federal Treasurer Jim Chalmers says things will get harder before they get easier for the economy. (ABC News: Nicholas Haggarty)

The federal Treasurer has dubbed a rise in interest rates as "difficult news" for home owners and foreshadowed life in Australia is set to become even more expensive.

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