The highest inflation in a generation is heightening financial pressures
The Labor Department also reported Friday that prices rose 0.8% from October to November
President Joe Biden on Wednesday signed an executive order
Deal for RegentAtlantic pushes CI past US$100B in U.S. assets
The U.S. economy still remains under threat from a spike in inflation, shortages of labour and supplies
Powell also elevated inflation-fighting as a more urgent priority than supporting job growth
The S&P 500 index dropped 106.84 points, or 2.3%, marking its worst day since February
Employers have made 18 million new hires since April 2020
Growth could surge to an 8% rate in the fourth quarter, some economists say
A CIBC report looks at labour trends and central bank policy