The manufacturing sector contracted for the fourth month in a row in March as the pace of the decline accelerated, according to ISM data. … READ MORE >
Blog
What the surprise oil production cut by OPEC+ means
Oil markets are reeling after OPEC+ said in a surprise announcement on Sunday that it would cut up to 1.15 million barrels a day in its target production starting next month. … READ MORE >
Bank deposit carousel continues as investors search for yield
The large gap between money market funds and bank deposit rates as well as what the banks themselves can obtain risk free at the Fed’s repo facility implies that cash will continue to move into the short end of the curve. … READ MORE >
5 things to know in life sciences: Week of March 27, 2023
From new cybersecurity standards for medical devices to a newly identified trigger for mood disorders, each week we highlight five things affecting the life sciences industry. Here’s the ;latest. … READ MORE >
Fed’s key gauges of inflation soften in February
Prices grew by 0.3% on the month; for the core component, they rose by 0.3% while the “super core” stayed at 0.3%. … READ MORE >
Jobless claims inch up while revised GDP shows softer growth
New filings for jobless benefits inched up to 198,000 last week from 191,000 earlier, staying below the pre-pandemic level, while fourth-quarter gross domestic product was revised down slightly from a 2.7% increase to 2.6%. … READ MORE >
RSM US Manufacturing Outlook Index: Slowdown continues
According to the RSM US Manufacturing Outlook Index based on those surveys, manufacturing activity remains at 1.8 standard deviations below normal. … READ MORE >
The great deposit migration, moral hazard and a fragmented banking system
The recent financial shock has exposed the underlying problem in the banking sector: A flawed regulatory framework treats small and medium-size institutions unequally compared to their largest competitors. … READ MORE >
5 things to know in life sciences: Week of March 20, 2023
From a promising breakthrough in brain implant technology to a mini robot that completes surgical tasks, each week we highlight the latest in life sciences. … READ MORE >
Core business investment orders inched up in February
Durable goods orders in February fell for the second month in a row, driven mostly by declines in orders for automobiles, aircraft and defense. … READ MORE >