‘Relief’ over drop in US inflation

CommSec’s Tom Piotrowski says if a drop in US inflation was not delivered, there would have been “quite a bit of volatility” in the market.

US inflation dropped from a four-decade high of 9.1 per cent to 8.5 per cent overnight.

“Relief is the bottom line in terms of the response to these figures,” he told Sky News Australia.

Presented by Commsec.

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