From a new migraine treatment to the development of a 3D heart replica, each week we highlight what’s happening in life sciences. … READ MORE >
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U.S. service sector expands in back-to-back months
The U.S. service purchasing managers index registered at 55.1 in February, only slightly lower than the prior month at 55.2. … READ MORE >
New jobless claims fall again amid strong labor market
New claims dropped by 2,000 to 190,000 for the week ending Feb. 24, lower than the pre-pandemic average at 218,000, according to Labor Department data released on Thursday. … READ MORE >
Manufacturing sector shrinks again in February amid falling demand
The Institute for Supply Management’s manufacturing index in February was 47.7, remaining below the long-term breakeven point of 48.7. … READ MORE >
RSM US Manufacturing Outlook Index shows a continuing slowdown
At 1.9 standard deviations below normal, our proprietary index implies a manufacturing sector set to lead the overall economy into a slowdown. … READ MORE >
Consumer confidence falls in February amid a worsening outlook
The top-line confidence index dropped to 102.9 from 106.0 in the prior month, while the expectations index fell to 69.7 from 76.0. … READ MORE >
Canada’s economy stalled even as consumer spending held up
The Canadian economy stalled in the fourth quarter, eking out a 0.03% gain in what was a significant downside surprise from expectations of a 1.6% increase.= … READ MORE >
Business spending on equipment rose in January
Investments in business equipment posted a sharp rebound in January after two consecutive months of disappointing declines. … READ MORE >
Bond market shows a shift in inflation expectations
The forward market now anticipates a 5.25% terminal rate for the federal funds rate at the Fed’s June meeting and then a gradual unwinding just below 4% in two years. … READ MORE >
January’s spending shows a hot economy despite rate hikes
The Fed’s key gauge of inflation—the personal consumption expenditures deflator—rose by 0.6% on the month for both the top-line and the core numbers, bringing the year-over-year inflation to 5.4% and 4.7% for the two series, respectively. … READ MORE >