The figure will heighten pressure on the Federal Reserve to continue raising rates aggressively
Clients face a "rising tide" of risk in the coming years, the former BoC governor said at Franklin Templeton's symposium
High food prices cutting into household finances
The ECB will raise rates by a quarter-point in July and left open the possibility of a more drastic, half-point hike in September
Central banks must fight risk of inflation expectations driving actual prices
At a hearing, the U.S. Treasury Secretary was pressed on the causes of inflation
Only 18% of chief U.S. economists say no recession is in the cards
Rising interest rates are causing anxiety in a sector that soared over the last two years
EU's new curbs on Russian oil to dent global supply
Rising services prices drove core inflation up too