Economy

Fed set to impose another big hike to fight inflation

The U.S. Federal Reserve's rate hikes aren't suited to address all the causes of high inflation, however

By Christopher Rugaber, The Associated Press |July 25, 2022

5 min read

Retail sales rose 2.2% in May

However, the estimate for June points to a slowdown

By The Canadian Press |July 22, 2022

2 min read

Russia’s central bank slashes rate, saying inflation slows

The interest rate cut comes as central banks around the world are rushing in the opposite direction

By The Associated Press |July 22, 2022

2 min read

Europe’s central bank backs larger than expected rate hike

Another European rate hike expected in September; Bank of Japan short-term policy rate stays at minus 0.1%

By David Mchugh, The Associated Press |July 21, 2022

4 min read