Initial jobless claims last week rose back up to 242,000 after a brief one-week drop, the Labor Department reported on Thursday. … READ MORE >
Blog
Fed hikes rate a quarter point while creating framework for a pause
The 25 basis-point increase was accompanied by changes in the Federal Open Market Committee’s statement that imply a possible pause at the Fed’s next meeting in June. … READ MORE >
Space businesses look to global demand and government need for growth
Executive optimism holds strong due to the increase in the U.S. space budget and global demand for services dependent on data obtained in space. Government contracts are providing a safe environment for space companies. … READ MORE >
Job openings fell in March as the labor market softened
Job openings fell to 9.6 million in March from almost 10 million in February, a clear sign that the labor market is softening as the economy slows down. … READ MORE >
Canadian recession tracker: Preparing for landing
A recession, albeit mild and brief, is most likely on the horizon. Our forecast puts the chance of a recession at 60% by the middle of the year, with the downturn hitting the economy unevenly. … READ MORE >
Economic implications of further turmoil in the banking sector
The latest bank seizure should bolster confidence in the ability of the federal government and systemically important financial institutions to address any subsequent landmines among small and medium-size lenders … READ MORE >
Tighter financial conditions threaten Canada’s growth
The RSM Canada Financial Conditions Index remains at 1.4 standard deviations below normal, indicating that greater risk than normal is being priced into financial assets. … READ MORE >
RSM US Manufacturing Outlook Index: Slowdown continues into April
Overall manufacturing activity remains at 1.85 standard deviations below normal, a level consistent with past recessions. … READ MORE >
5 things to know in life sciences: Week of April 24, 2023
From streamlining clinical trials via artificial intelligence to FDA approval of a blood cancer treatment, each week we highlight the latest in life sciences. … READ MORE >
FOMC preview: Is 10 the magic number?
We expect the Federal Reserve to hike the federal funds rate by 25 basis points to a range of 5% to 5.25% at its May 3 meeting, with changes in the FOMC statement that imply a possible pause in the rate hike campaign and a bias toward future tightening if inflation proves sticky and stubborn. … READ MORE >