Get ready for potential inflation shock and early interest rate rises - Monday Finance with Peter Ryan - a podcast by ABC Radio

As the global economic recovery continues, there are growing warnings that inflation, particularly in the United States, is not just temporary but coming back with a vengeance.

Economist Stephen Koukoulas from Market Economics warns there's a growing likelihood that the US Federal Reserve might need to raise official interest rates next year ahead of schedule, putting pressure on the Reserve Bank of Australia to do the same.

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