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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.
Lloyds Banking Group has announced plans to close 45 branches across the Lloyds, Halifax and Bank of Scotland networks. See below if your local bank is one of those impacted and what date they are ...
Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week. Inflation heated up last month as consumer prices rose 2.7% ...
After a hot December jobs report pared back investor's hopes for interest rate cuts in 2025, two key inflation readings will add to the discussion in the week ahead.
Halifax (previously known as Halifax Building Society and colloquially known as The Halifax) is a British banking brand operating as a trading division of Bank of Scotland, itself a wholly owned subsidiary of Lloyds Banking Group. It is named after the town of Halifax, West Yorkshire, where it was founded as a building society in 1853.
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. This analysis is ...
To be sure, all banks still have a ways to go to get back deposits they also lost in 2022 as the Federal Reserve began cutting interest rates to cool inflation. Bank deposits are still down more ...
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.