Uncertainty, trade tensions, downside risks to weigh on growth this year
The implementation of new tariffs, potential retaliation, highly uncertain
Despite the lift, core inflation is moderating: TD economist
Bank of Canada likely to keep rates unchanged when it meets this month
Labour market slack suggests rate hikes can likely wait
Gains for wealthy, high-income households to offset weakening job market
Core prices increased 2.6% from a year earlier, above Fed's target
Move sparks backlash, support for Fed independence
Also, the CBO projects that real GDP growth in the U.S. will rise to 2.2% in 2026
Forecasts revised up as stronger-than-expected Q3 data emerges