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b'Thursday 14th July 2022US inflation has picked up more than expected, rising 9.1% in the year to June. The Fed\\u2019s Raphael Bostic said later that \\u201ceverything was in play\\u201d when it came to a July rate rise. NAB\\u2019s David de Garis says, it doesn\\u2019t take a genius to figure out what he meant. The Bank of Canada (BoC) had just raised rates by 100 basis points, more than had been expected, so had that paved the way for the Fed? It certainly makes the RBNZ\\u2019s 50 basis point hike seem a little constrained. The UK GDP growth was, unusually, helped by trips to the doctor, rather than to restaurants. Locally, Australian labour market data will be studied closely. Can the jobs market tighten any more and add to the pressure for faster hikes from the RBA?

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