Short-term rate, at 3.75% to 4%, at 15-year high
American consumers “still have firepower,” while Fed remains under pressure to hike rates
Economy will ‘stall’ in months ahead: CIBC economist
Job vacancies and payroll employment were flat in August
Household wealth expected to drop by $1.6 trillion from pandemic heights
Key rate now 3.75%, up from 0.25% in March
About three-quarters of the pandemic war chest remains, research finds
A key source of inflation is unwinding
Difficult period expected to extend into 2023
CIBC's chief economist says a longer period of negligible growth may be necessary