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Inflation causing price rising up, overvalued stock or funds, consumer purchasing power reducing concept, air balloon tied with product price tag flying high rising up in the sky.

Stock prices tumbled and bond yields rose as many investors feared a more aggressive Federal Reserve

Wall street sign in New York with American flags and New York Stock Exchange background.

The economic contraction meets one informal sign of recession

United States Capitol, Washington DC

The improvement stemmed from the economy moving from recovery to steady growth

Man buying fresh vegetables at farmer's market

Wednesday's report increased hope that the modest slowdown might enable the Fed to slow the pace of its rate increases

Origami dollar arrow pointing down over a world map

Even with the economy recording a second straight quarter of negative GDP, many economists do not regard it as constituting a recession

org chart with executive choosing team member

Strong U.S. jobs numbers could spur more Fed hikes

8508076 - close-up of payment machine buttons with human hand holding plastic card near by

Index declined for second month in a row

  • By: Matt Ott
  • June 28, 2022 June 28, 2022
  • 10:55
Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA

The Canadian banking industry's push south comes after U.S. President Joe Biden issued a broad executive order calling for increased competition

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

At a hearing, the U.S. Treasury Secretary was pressed on the causes of inflation

Cropped shot of an unidentifiable businesswoman

The lowest monthly gain in a year was likely enough to keep the Fed on track to pursue aggressive policy