Economic recovery from the pandemic is restrained in both economies, even with U.S. consumer spending rising healthily
Inflation has surged as consumer spending and disrupted supply chains have created shortages
Supply-chain disruptions helped drive the price growth
The lower-than-expected reading should ensure the Fed leaves its interest rate unchanged at next week's meeting
Disruptions prove more significant than expected, as demand remains robust
Valuations, inflation, investor exuberance top European regulators' concerns
Canada's political parties want to address the current cost of living crisis
Europe enjoying stronger-than-forecast results as price pressures weigh on U.S., Asia
Some of the Fed's policymakers have argued that the bond purchases are driving up prices
Headline inflation hit 3.7% in July — the highest year-over-year increase since 2011