Morning mail: year of learning before school, electricity crisis flares, Fed hikes US interest rates

With soaring inflation and the shadow of recession hanging over the US, the Federal Reserve announced a 0.75 percentage-point

after the latest economic news, including last week’s announcement that inflation had risen to a 40-year high.The employment minister has been urged to pause a new “points-based” mutual obligations system. The system, which starts on 1 July, replaces the rigid 20 job applications-a-month requirement that frustrated jobseekers and employers for many years.

“with certainty” and said the government would not pursue a controversial bill that would lower the bar for visa cancellations. As one of its first acts, the Albanese government allowed the Nadesalingam family to return to Biloela on bridging visas. Australia must build conventional submarines before escalating to a nuclear-powered model or the whole program could fail, Richard Marles, to work out how to deal with the looming capability gap.Hundreds of civilians, including children, are sheltering in the Azot chemical plant in Sievierodonetsk.Ukraine has ignored a Russian ultimatum to surrender the embattled eastern city of Sievierodonetskin the city’s Azot chemical factory.

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Fed lifts key rate by 75 basis pointsPolicymakers at the US central bank met fast-moving market expectations by lifting the federal funds rate target range to 1.5 per cent to 1.75 per cent.
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