Interest rate cuts not 'compelling' after US inflation 'hotter-than-expected'

Share market numbers are going to be down by a “decent margin,” says CommSec’s Tom Piotrowski. “The futures are telling us we will be down by about 1 per cent,” he told Sky News Australia. “So, that is a reflection of the hotter-than-expected inflation figures that we saw in the US. “There is nothing compelling here when it comes to the narrative about cutting rates.” Presented by CommSec.