US stocks are lacklustre ahead of tomorrow's inflation report and the International Monetary Fund has slashed its growth forecast for 2023. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
By Sue Lanninit was a lacklustre night on Wall Street as investors awaited tomorrow's release of the latest US consumer inflation figures.
The US Consumer Price Index is expected to cool to 0.2 per cent in March, and economists are tipping annual inflation to slow from 6 per cent to 5.2 per cent because of the Federal Reserve's string of interest rate rises. However core inflation, which strips out volatile food and energy prices, is predicted to rise from 5.5 per cent to 5.6 per cent.International Monetary Fund
expects global growth to slow below 3 per cent amid financial sector turmoil, high inflation, Russia's invasion of Ukraine, and three years of COVID-19. And it has a pessimistic outlook for Australia, with its World Economic Outlook predicting the economic growth will grow by just 1.6 per cent this year.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Masters 2023 LIVE updates: Rahm wins maiden green jacket as Day crumblesThe final day of The Masters is here. LIV Golf star Brooks Koepka had a four-shot lead heading into the final day but capitulated in spectacular fashion.
Read more »
The Masters 2023: final round – liveLive updates: Brooks Koepka will begin the final round with a two-shot lead over Jon Rahm. Get all the latest with Scott Murray
Read more »
England v Australia: women’s international football friendly – liveMinute-by-minute report: Sarina Wiegman’s Lionesses continue their World Cup preparations against this summer’s co-hosts. Join Daniel Gallan
Read more »
Parrtjima festival 2023: shining a light on the red centre – in picturesThe Central Australian desert is brought to life by the large-scale light and sound festival celebrating Aboriginal art and culture
Read more »
Sports minister calls on football to unify its funding approaches after 2023 World CupAnika Wells says football (soccer) has been fractured when approaching the federal government for funding, with no clear direction for the grassroots game.
Read more »
Bullriders at the 2023 Sydney Royal Easter Show | 7NEWSWhen you're straddling a bull that is 10-times your size with a mind of his own it's a dangerous test of skill and courage. At the Sydney Royal EasterShow cowboys are keen to show that they have what it takes to hang on for that elusive 8 second ride.
Read more »