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Top News In Inflation 2022 Today - Breaking & Trending Today
Once a time of optimism, the heralding of the new year might nowadays feel more like a meditation in worst-case scenarios. And a recent Leger survey reveals just how gloomy some Canadians' outlook for 2023 has become. In a list of potential calamities in the year ahead, inflation, recession, an expanded war in Ukraine, and climate catastrophe were Canadians' biggest points of concern. ....
America s gross domestic product grew at a seasonally adjusted 3.2% annual rate in the third quarter after declining in the first half of the year, the Bureau of Economic Analysis reported in a surprisingly encouraging third and final estimate. ....
After months of telegraphing that the Federal Reserve would finally slow rate hikes from its breakneck 75-basis-point hikes of the past six monthly meetings, Jerome Powell got the greatest news he could have hoped for on Tuesday. The Bureau of Labor Statistics reported that November s consumer price index inflation fell to 7.1% on an annual basis, below expert expectations. Coupled with slightly moderating core inflation, the latest CPI report will give the Fed the go-ahead on a smaller rate hike perhaps just half a basis point. ....