The local share market has suffered its worst drop in three weeks after a domestic inflation readout and cautious commentary from the US Federal Reserve dimmed hopes for quick interest rate cuts at home and abroad.
The benchmark S&P/ASX200 index on Wednesday fell 81.4 points, or 0.92 per cent, to 8,764.5, while the broader All Ordinaries dropped 80.2 points, or 0.88 per cent, to 9,057.6.
