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AAP

Business

Colin Brinsden, AAP Economics and Business Correspondent

Big US rate hike a warning for Australia

Australian Bureau of Statistics International Trade

The jump in US interest rates may be a sign of things to come in Australia amid rising inflation. (AAP)

The biggest jump in US interest rates in 22 years could be a sign of things to come in Australia as both countries battle the scourge of inflation.

The US Federal Reserve raised its key interest rate by 0.5 percentage points on Wednesday, and financial markets are bracing for a similar move in June.

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