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Recession

‘Recession coming faster than expected’ – Swiss Re economist

July 25, 2022 by admin

Two weeks ago, the Bank of Canada raised its key interest rate by one percentage point to 2.5% to rein in inflation, the largest hike in 24 years. Inflation in Canada hit 8.1% in the year to June, its highest level in nearly three decades. Meanwhile, the US consumer price index rose to 9.1% in … Read more

Categories Uncategorized Tags Fed rate hikes, inflation, Recession Leave a comment

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