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Analysis by Oxford Economics estimated that 25% tariffs implemented across all sectors and predicted retaliatory tariffs would cause Canada's GDP to fall by 2.5% by early 2026, increase its inflation rate to 7.2% by mid-2025, and increase its unemployment rate to 7.9% by the end of 2025 due to an estimated 150,000 layoffs.
Economists were expecting inflation to pick up by 0.2% from October and record a 2.7% annual increase, primarily due to unfavorable comparisons from a year ago and stubborn housing-related inflation.
Another, elsewhere suggested reason related to more recent development trends and to banking crisis during modern era might be changes in the size of banking sector compared to overall GDP. The dramatic feature of this graph is the virtual absence of banking crises during the period of the Bretton Woods agreement , 1945 to 1971.
April's Consumer Price Index showed inflation moderating, a welcome sign. But as many categories fell, core services inflation has remained a bugaboo for the Fed — and consumers.
Bonds and stocks have been negatively correlated as of late, meaning that as yields have risen, stocks have fallen. Therefore, any good economic news that pushes yields higher has been bad for stocks.
In Argentina, a country with a chronic inflation problem, the interest rate was hiked to 69.5% in August, as inflation has further deteriorated hitting a 20-year high at 70%, and is forecasted to top 90% by the end of the year. [197] Inflation hit past 100% in February 2023 for the first time since 1991.
Arghhhh! Inflation is really bad right now. The annualized inflation rate jumped from 8.6% in May to 9.1% in June, the highest level since 1981.Everybody who drives a car knows skyrocketing ...
The receivership of Washington Mutual Bank by federal regulators on September 26, 2008, was the largest bank failure in U.S. history. Regulators simultaneously brokered the sale of most of the banks's assets to JPMorgan Chase , which planned to write down the value of Washington Mutual's loans at least $31 billion.