Economic Indicators

Income inequality rises following recessions: BoC

Economic Indicators

Income inequality rises following recessions: BoC

During economic downturns, the incomes of low earners were particularly hard hit and didn’t recover, research finds

By James Langton |July 28, 2022

3 min read

U.S. GDP shrinks for second straight quarter

Economic Indicators

U.S. GDP shrinks for second straight quarter

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

By Paul Wiseman, The Associated Press |July 28, 2022

5 min read

Fed unleashes another big rate hike in bid to curb inflation

Economic Indicators

Fed unleashes another big rate hike in bid to curb inflation

The 75-basis-point increase brings the key rate to the highest level since 2018

By Christopher Rugaber, The Associated Press |July 27, 2022

3 min read

Consumer confidence in U.S. slides for third straight month

Economic Indicators

Consumer confidence in U.S. slides for third straight month

High inflation contributed to consumer anxiety

By Matt Ott, The Associated Press |July 26, 2022

2 min read