The local share market was slightly lower this morning after a US inflation readout came in slightly higher than expected, casting doubt on the prospect of quick rate cuts this year. The benchmark S&P/ASX200 index fell by as many as 31.7 points, or 0.4 per cent, at Friday's open but by lunchtime AEDT had recouped most of those losses, 10.2 points lower at 7,495.8, a drop of 0.14 per cent. The broader All Ordinaries had fallen 9.2 points, or 0.12 per cent, to 7,727.6. With a few hours of trading left, the ASX200 was basically flat for the week, up 6.6 points from last Friday's close after alternating between losses and gains each…
