The one- and three-year U.S. credit default swaps have already spiked above levels of previous financial and political crises. … READ MORE >
Blog
FOMC preview: Fed to slow pace of rate hikes to 25 basis points
Our base case remains that the Federal Reserve’s policy rate will peak between 5% and 5.25% and stay there until early next year. … READ MORE >
5 things to know in life sciences: Week of Jan. 23, 2023
From an emerging funding source for biotechs to an app that automates insulin dosing, each week we highlight the latest affecting the life sciences industry. … READ MORE >
American consumers grow more cautious as spending falls
Personal spending fell by 0.2% in dollar terms in December and by 0.3% after adjusting for inflation, which rose by 0.1% on the month. … READ MORE >
Initial jobless claims fall despite layoff news
New filings for unemployment benefits fell to 186,000 last week, a 10-month low. … READ MORE >
U.S. GDP: Resilient growth closes out a challenging year
A resilient American economy grew by 2.9% during the final three months of last year because of a strong increase in demand for services by consumers, fixed business investment and inventory restocking. … READ MORE >
The pandemic response: Improving policies in future crises
Nearly three years into the pandemic, we can use the experience of these programs to understand what worked and be better prepared for the next health or financial crisis. … READ MORE >
Back-to-normal supply chain fuels disinflation tailwind
Supply chains in the United States continued to recover in December, remaining at the pre-COVID level for the sixth straight month, according to the RSM US Supply Chain Index. … READ MORE >
The pandemic response: Assessing the Main Street Lending Program
The Main Street Lending Program was the Federal Reserve’s most direct intervention in the bank loan market since in the 1930s and 1940s … READ MORE >
The pandemic response: Assessing the Paycheck Protection Program
The American economy was facing an abyss in March 2020, but because of forceful action by the fiscal and monetary authorities, it rebounded faster than expected. … READ MORE >