The RSM US Financial Conditions Index remains more than 0.2 standard deviations below normal. This is a indication that investors are requiring additional compensation for the risk of lending and the increased cost of investing in an environment of heightened uncertainty. … READ MORE >
Blog
5 things to know in life sciences: Week of March 28, 2022
From a brain interface device to promising trial results for a potential opioid alternative, each week we highlight five things to know in life sciences. … READ MORE >
Chart of the day: Manufacturing slows amid surge in raw material prices
The headline manufacturing purchasing managers’ index was down to 57.1% from 58.6% in February, the lowest since September 2020. … READ MORE >
President Biden’s 2023 budget: New and old tax proposals require perspective—and awareness
Although the proposed tax changes in President Biden’s 2023 budget proposal are not drafted legislation, taxpayers can at least see an ongoing focus on international tax reforms and strengthening of taxation of wealthy individuals. … READ MORE >
U.S. March jobs report: American labor market remains red hot
The American labor market remains red hot as the employment-to-population ratio among prime-age workers surged to 80.0% in March, up from 79.5% in February. … READ MORE >
Supply shock ripples across agricultural commodities
As Russia’s invasion of Ukraine takes a mounting human and economic toll, it also has the potential to threaten the food supply for millions of people who depend on agricultural commodities from those two countries. … READ MORE >
Canada’s GDP rises, led by construction and trade
Canada’s gross domestic product in January had a modest increase of 0.2% from December as the effects of the omicron variant paused growth in the services sector. … READ MORE >
Chart of the day: Initial jobless claims remain low
New claims for jobless benefits increased by 14,000 last week to 202,000, continuing to stay below the pre-pandemic level in 2019. The increase was likely temporary as the labor market remained tight. … READ MORE >
A key inflation gauge surged in February, dampening spending
The likelihood of a 50 basis-point rate hike by the Federal Reserve in May increased on Thursday as the government reported that a key inflation gauge continued to surge in February. … READ MORE >
Robust job openings data might accelerate Fed’s rate hikes
Job openings in February came in blazing hot again at 11.3 million, which translated into 1.8 jobs available per unemployed worker, the Bureau of Labor Statistics reported on Tuesday. … READ MORE >