The Australian share market has fallen for the first time this week after US inflation topped forecasts for a third straight month, pushing back expectations as to when the Federal Reserve might cut interest rates.
The benchmark S&P/ASX200 index on Thursday fell 96.4 points, or 1.2 per cent, in the first nine minutes of trading but then ground higher for most of the day, finishing 34.9 points lower at 7,813.6; a drop of 0.44 per cent.
