Economy

Fed attacks inflation with its largest rate hike since 1994

The Federal Reserve hiked its benchmark short-term rate to a range of 1.5% to 1.75%

By Christopher Rugaber, The Associated Press |June 15, 2022

5 min read

U.S. retail sales in May slip 0.3% amid surging inflation

Furniture sales drop 1%, while price increases account for 1.2% rise in food store sales

By Anne D'Innocenzio |June 15, 2022

4 min read

May home sales down 22% since last year, 9% from April: CREA

“Market expectations began crumbling,'' said Robert Kavcic of BMO Capital Markets

By Tara Deschamps, The Canadian Press |June 15, 2022

3 min read

G20’s growth slumps in Q1, OECD says

U.S. economy’s weak performance drives drop in G20

By Staff |June 14, 2022

1 min read