Soft retail sales data trims rate hike risk | Finance Report | ABC News

The Australian share market inched higher on Tuesday after a jump in Tesla shares helped US stocks finish higher.

Wall Street investors await the US Federal Reserve's rates decision meeting this week, with the central bank poised to keep rates unchanged, while locally banking giant CBA has pushed out its view on the first RBA rate cut to November and says "the near‑term risk sits with an interest rate hike".

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