It was a turbulent week for markets after the US Federal Reserve raised interest rates by 0.5% at its May board meeting.

How is the economy performing both here and overseas?

Let's take a look at this week's market statistics.

Let’s talk consumer and business confidence, inflation and what’s ahead for share markets.

Let’s look at inflation, interest rates and what’s happening globally with Covid.

Europe cases have started to pick up again and negative gearing talk spreads across the ditch.

Aussie restaurant spending, hotel bookings and foot traffic are the biggest drivers of the lift higher.