U.S. personal income and spending in July signaled a gradual rebound of the economy in the third quarter after six months of declines in gross domestic product. … READ MORE >
Blog
Better-than-expected GDP and jobless claims push back recession fear
The decline in U.S. gross domestic product growth in the second quarter was less than previously estimated, and jobless claims fell by 0.,8%. … READ MORE >
Expectations at the end of business cycles
The Federal Reserve has a blunt yet effective instrument to fight inflation: raising the federal funds rate. But using it requires a delicate balancing act. We offer a snapshot of what to look for as the economic cycle plays out. … READ MORE >
Immigration is key to solving Canada’s labour shortage
Canada cannot solve its chronic shortage of workers through natural growth. It needs a policy of robust immigration. … READ MORE >
Core capital goods investments grow while pending home sales fall
Although the top-line durable goods orders number remained flat on the month in July, core capital goods orders increased by 0.4%, beating estimates. In a separate report, pending home sales fell by 1% in July. … READ MORE >
New home sales down 40% this year to lowest level since 2016
New home sales extended this year’s slump by dropping 12.6% in July to 511,000 annualized, following a 7.1% drop in June. … READ MORE >
Jackson Hole preview: Powell to set tone for next few years
Policymakers, investors and firms should prepare for a regime change in inflation that will require tighter monetary policy ahead as the central bank lifts the policy rate to 4% by the end of the year. … READ MORE >
5 things to know in life sciences: Week of Aug. 15
From scaling up the monkeypox vaccine production to over-the-counter hearing aids, each week we highlight five things to know in life sciences. … READ MORE >
Existing home sales fall below pre-pandemic level as initial jobless claims hold steady
Existing home sales fell in July to their lowest level since 2020 amid elevated mortgage rates as the Federal Reserve continued to hike interest rates. Sales dropped 5.9% to 4.81 million annualized, marking the sixth straight month of market contraction. … READ MORE >
RSM U.S. Supply Chain Index: Back to normal for first time since pandemic hit
The U.S. Supply Chain Index in July was back above neutral for the first time in nearly three years, suggesting substantial relief coming from the supply-induced components of inflation. … READ MORE >