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Core inflation, excluding food and energy, increased 3.3% year-over-year, exceeding forecasts of 3.1%. Among major CPI components, fuel oil jumped 6.2% month-over-month, while the index for meats ...
The annual inflation rate dropped to 1.8%, Statistics Canada said, slightly lower than expected and a tick below the prior month's 1.9%. On a month-on-month basis the consumer price index ...
Trump’s plan for tariffs, tax cuts, reduced regulation, and a crackdown on immigration could lead to inflation rising by 2.7% by the end of 2025, JPMorgan hedged, with the Fed funds rate rising ...
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. [32]
The unemployment rate would average 4.5% this year, 0.3 percentage points higher than without the tariffs, Sweet said. Deutsche Bank has forecast a smaller hit to growth of three-tenths of a ...
Inflation is cooling to 2.4%, and interest rates are shifting, too. Which means 2025's financial landscape is going to look different from the past few years. Given these conditions, here's what a...
The tariffs Trump signed will be 25% duties on Canada and Mexico and 10% on China — as he ... President Trump's Trade agenda for 2025." ... core PCE inflation forecast this year and acceleration ...
In its latest World Economic Outlook, the IMF projected global growth of 3.3% in both 2025 and 2026, and said global headline inflation was set to drop to 4.2% in 2025 and 3.5% in 2026, allowing a ...