ASX down, prices to ease and 5 other things to start your day

The ASX board showing company price changes and a person removing $100 notes from a wallet.
The ASX is expected to fall this morning. (Source: Getty)

ASX: The local share market is expected to fall this morning after Wall Street struggled following the US central bank’s decision to raise interest rates.

Price pressures: Soaring energy, rent and food prices, which have been weighing heavily on hip pockets, could be easing soon.

Speaking to a parliamentary committee on cost-of-living pressures, Reserve Bank of Australia head of economic analysis Marion Kohler said inflation likely peaked at the end of last year and would start easing over the course of 2023.

Robodebt: A former minister in charge of robodebt denied responsibility for his department's failure to check whether the scheme was even legal, and said he believed it was lawful - even in the face of mounting issues.

Alan Tudge, who served as human services minister between 2016 and 2017, told the royal commission it was not his responsibility to determine whether it was legal or not.

Needle in a haystack: Search crews have defied the odds to find a tiny radioactive capsule that went missing in remote Western Australia.

The 8mm by 6mm item fell out of a density gauge while being trucked from a Rio Tinto mine in the Pilbara to Perth last month. The dangerous capsule was found just south of Newman on the Great Northern Highway.

Electric boost: Electric vehicle owners will be able to top up their rides free in more locations after one of the country's biggest charging firms revealed plans to expand into Victoria.

Jolt Charge, which operates the largest fast-charging networks in Adelaide and Sydney, will install public fast-chargers in Melbourne's eastern suburbs over the next three months in a deal with Knox Council.

Health crisis: Prime Minister Anthony Albanese will meet state and territory leaders to discuss a plan to overhaul Australia's healthcare system, as costs for governments continue to rise.

A Productivity Commission report found total spending was $132 billion, with public hospitals receiving the lion's share in 2020/21, at nearly $82 billion.

Wind investment: IKEA's largest retailer has made its first renewable energy investment in Australia, putting its funds towards the country's largest permanent wind farm.

Ingka Investments, part of IKEA's largest retailer Ingka Group, announced it had taken a 15 per cent stake in the $2 billion first stage of the Golden Plains development in Victoria.

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