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U.S. household debt soared to a record $16.9 trillion from October to December last year, the largest quarterly increase in 20 years.
The Federal Reserve raised interest rates by a quarter of a point at the end of its two-day policy meeting, citing persistent inflation.
The Bank of Canada won't be lowering its key lending rate this year despite financial markets already pricing in multiple cuts starting this fall, according to a senior economist at Vanguard.
