Manufacturing grew at a slower rate in back-to-back months as labor shortages continued to hamper production while demand moderated from January’s high. … READ MORE >
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5 things to know in life sciences: Week of April 25, 2022
This week we highlight a move to continue clinical trial progress, how the CRO industry perceives the state of biotech funding and more. … READ MORE >
FOMC preview: Rate hikes and balance sheet reduction are up next
Next week’s Federal Open Market Committee meeting will kick off an extraordinary two months of policy decisions by the Federal Reserve in which we expect the central bank to hike its policy rate by 100 basis points. … READ MORE >
Consumers spent more in March despite rising inflation
American consumers defied rising inflation and market uncertainties in March, continuing to spend more on goods and services as their wages increased and they saved less. … READ MORE >
Canada’s economy continues to show resilient growth
As the number of COVID-19 cases dropped and public health restrictions eased, Canada’s economy grew 1.1% in February, its largest increase in a year and a sign of resilience, according to data released by Statistics Canada on Friday. … READ MORE >
RSM US Manufacturing Outlook Index: Decelerating growth as tensions mount
The RSM US Manufacturing Outlook Index is signaling the potential of further economic moderation from rising prices and slowing demand. … READ MORE >
Canada’s supply chain takes a downturn as fuel prices climb
The RSM Canada Supply Chain Index dropped to 2.25 standard deviations below normal in March, a slight downturn from February. … READ MORE >
Chart of the day: Initial jobless claims ease amid tight labor market
New claims for jobless benefits fell by 5,000 last week to 180,000 as labor demand continued to be robust and layoffs remained historically low. … READ MORE >
U.S. GDP declines by 1.4%: This is what an overheating economy looks like
Growth in the first three months of the year contracted at a 1.4% pace as Americans turned to imports to meet torrid demand that is simply unsustainable. … READ MORE >
Pending home sales fell back to pre-pandemic level amid rising rates
U.S. pending home sales fell 1.2% in March, declining for the fifth month in a row, as demand continued to slow due to high prices and rising mortgage rates. … READ MORE >