Despite the drop, the statistics still represent historic highs, according to economist
Stock prices tumbled and bond yields rose as many investors feared a more aggressive Federal Reserve
The slowdown was primarily driven by a sharp contraction in China, the OECD reports
There was about $1.82 in credit market debt for every dollar of household disposable income
Corporate profits tend to forecast economic downturns
Economy has ‘hit a pothole’
The Bank of Canada said interest rates will need to rise further to bring inflation down to its 2% target
Short-term inflation expectations remain high
Cooling in energy markets takes the edge off price pressure
Consumer insolvency rose to the highest level since the start of the pandemic