US Federal Reserve pauses rate rises as IMF urges Australia's RBA to hike

The US Federal Reserve.. the world's biggest central bank... has left its official interest rate on hold this morning for the second month in a row. But that decision comes with something of an asterisk next to it, the bank's warning if inflation doesn't slow, there could be more interest rate hikes in coming months. That decision comes ahead of Australia's Reserve Bank board meeting next Tuesday, with it potentially weighing up a decision to lift rates.