Consumer confidence eased in April despite an uptick in expectations, the Conference Board reported on Tuesday.
… READ MORE >
Blog
Durable goods orders bounced back in March
Orders for durable goods bounced back in March despite interest rate hikes and supply shocks from geopolitical conflict. The top-line durable goods orders increased by 0.8% in March. … READ MORE >
5 things to know in life sciences: Week of April 18, 2022
From clinical trial inclusion to a COVID-19 breathalyzer, each week we highlight five things you need to know in the life sciences industry. … READ MORE >
Why the U.S. dollar is strengthening
Policy by the central bank, interest rate differentials and a risk haven move into U.S. dollar-denominated assets are driving up the dollar against major trading currencies. … READ MORE >
Chart of the day: Initial jobless claims point to strong jobs report
New filings for jobless claims last week fell slightly, to 184,000, holding steady below the average pre-pandemic level for the 12th straight week. … READ MORE >
Chart of the day: U.S. home prices hit record in March
Sales of existing homes fell by 2.7% to 5.77 million in March, the lowest since July 2020, as rising mortgage rates dampened demand. … READ MORE >
Canada’s inflation hits 6.7% as the global oil shock sets in
Inflation in Canada hit 6.7% in March, up from 5.7% in February and the largest year-over-year increase since January 1991 as supply chain disruptions, the war in Ukraine and a reopening economy all had an effect. … READ MORE >
Interest rate update: Confidence in the Fed, but uncertainty over long-term growth
The Federal Reserve has started to normalize interest rates, lifting the short-term transaction cost off the zero bound. The result has been a 100-basis point increase in the yield on 10-year Treasury bonds. … READ MORE >
Housing starts moderated in March amid rising rates
Housing starts and permits inched up in March due to a boost from multifamily homes, beating market forecasts of significant declines in both series.
New residential starts rose 0.3% on the month to 1.79 million annualized rate, the highest since 2006. Building permits, an indicator of future starts, climbed 0.4% to an annualized 1.87 million. … READ MORE >
Chart of the day: Industrial production hits record in March
Domestic industrial production increased by 0.9% in March, beating market forecasts despite global supply chain disruptions of key materials. … READ MORE >