The inflation spike is affecting consumers, the Biden administration and central banks
No tax cuts were in the fall economic statement
Almost two-thirds of low-income households said they've experienced significant financial hardship
The amount is $114 billion less than the same period last year, when pandemic spending was high
President Joe Biden outlined Thursday a US$1.75-trillion framework
The U.S. economy slowed sharply to a 2% annual growth rate in the July-September period
Meanwhile, central banks in other parts of the world look to dial back support
Systemic risk to the industry remains, as crisis response measures have created vulnerabilities
Federal Reserve Chair Jerome Powell expects that inflation will remain elevated well into next year
Additional taxes may not deter out-of-province investors