As a result, the Canadian CPI hit an all-time high of 12.9%. Paul Volcker wanted to tame inflation and the Bank of Canada followed suit. The prime rate, which had fallen to 12.25% in July 1980 ...

Fresh tariffs amid high inflation are making the Fed’s job uniquely difficult and feeding uncertainty about what to expect ...

Trump has long proposed raising tariffs—or taxes on imported goods that the businesses importing them pay the U.S. government ...