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Wooden blocks with percentage sign and arrow up, financial growth, interest rate increase, inflation concept

U.S. inflation jumped 8.5% in past year, highest since 1981

Financial markets now foresee much steeper rate hikes than Fed officials signaled as recently as last month

Yellen calls for crypto regulation to reduce risks, fraud

In a speech on Thursday, the U.S. Treasury Secretary also advocated for maintaining the dollar's prominence

U.S. added 431,000 jobs in March in sign of economic health

Unemployment dropped to its lowest rate since the pandemic erupted

U.S. consumers still confident, but outlook not as rosy

Higher prices and the war in Ukraine contributed to a decline in the six-month outlook

white house in washington dc

Biden’s budget plan includes 20% minimum tax on households worth $100 million or more

New tax on the ultra wealthy would include ``unrealized gains''

  • By: Josh Boak
  • March 28, 2022 March 28, 2022
  • 13:22
Inflation, growth of food sales, growth of market basket or consumer price index concept. Shopping basket with foods on arrow.

U.S. inflation jumped 7.9% in past year — a 40-year high

Surging costs for gas, food and housing propelled the increase

TD buying U.S. bank First Horizon for US$13.4 billion

Scotiabank also said Monday it's increasing its stake in its Chilean unit in a $1.3-billion deal

niche investment

Key U.S. inflation gauge hit 6.1% in January

The reading was the largest year-over-year rise since 1982

Hands counts money on American flag background

U.S. inflation jumped 7.5% in the past year

January's year-over-year increase represented a 40-year high

Consumer spending drove U.S. growth in 2021

GDP of 5.7% was the fastest pace since Ronald Reagan's presidency