Financial markets have started the year facing a host of challenges, including the prospect of a stand-off over the debt ceiling in a divided Congress and the possibility of a recession later this year. … READ MORE >
U.S. economy generates 4.5 million jobs in 2022 as labor market remains hot
The American economy added 223,000 jobs in December, the unemployment rate fell to 3.5% and wages increased by 4.6%. … READ MORE >
Jobs report preview: Strong close to year as wages remain elevated
We expect the December U.S. jobs report on Friday to show an increase in total employment of 220,000 positions. … READ MORE >
Private investment and the reintroduction of risk
Regime changes in global trade, growth and liquidity, along with a significant increase in geopolitical tensions, are reintroducing political and economic risk. … READ MORE >
U.S. becomes the top destination for foreign direct investment
Rising rates, a strong dollar, an innovative economy as well as the rule of law continue to attract significant capital into American-based corporations. … READ MORE >
RSM’s economic outlook for Canada in eight charts
While the Canadian economy may avoid a recession next year, we expect growth will slow below 1% over the next few quarters, well below its long-term capacity. … READ MORE >
How remittances bolster emerging economies
Remittances are an important way that capital flows on a person-to-person basis from wealthier countries with strong economies to areas where opportunities are more limited. … READ MORE >
Financial conditions and Canada’s real economy
Tightening financial conditions are hurting the Canadian economy to the point where the rising risk of a recession and a housing contraction much larger than anticipated cannot be discounted. … READ MORE >
FOMC decision: Fed lifts policy rate to range of 4.25% to 4.5%
The Federal Reserve on Wednesday lifted its policy rate by 50 basis points and laid the groundwork for an eventual pause in interest rate increases early next year. … READ MORE >
November CPI: Easing inflation amid surging housing costs poses dilemma for Fed
The sharp 3.4% decline in goods costs on a three-month average annualized pace stands in contrast with the 8.9% increase in housing costs, all of which poses quite a dilemma for the Fed. … READ MORE >