Given the wide-reaching implications of these sanctions on everything from energy and metals to airplane parts and shipping, we can reasonably expect that manufacturers and companies in the broader industrial space will need to brace for impact—if they haven’t felt it already. … READ MORE >
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FOMC’s policy decision: Rate hike, balance sheet reduction, revise down forecast, repeat
Policy normalization at the Federal Reserve took a giant step forward on Wednesday as the Federal Open Market Committee hiked the federal funds rate by 25 basis points while slashing its growth forecast and increasing its estimate of inflation. … READ MORE >
Canada’s inflation hits 5.7% in a warmup for what’s ahead
Canada’s inflation rate hit 5.7% year over year in February, up from 5.1% in January, as price increases continued to broaden across categories. … READ MORE >
U.S. retail sales lag inflation in February amid rising energy prices
Retail sales growth fell behind inflation increases in February, posting a weak 0.3% increase, as growth slowed down in most categories except gasoline stations. … READ MORE >
Chart of the day: Producer prices fall, but not for long
Producer prices increased by 0.8% on the month, down from a 1.2% increase in January while registering a 10% rise in back-to-back months compared to a year ago, the Bureau of Labor Statistics reported on Tuesday. … READ MORE >
Life during wartime: Inflation, price controls and economic conflict
Today, with inflation at a 40-year high and a policy rate pinned to the zero boundary, policymakers face significant constraints as they try to find ways to mitigate rising costs on American households. … READ MORE >
Chart of the day: Consumer sentiment slides amid energy shock
Consumer sentiment slid further in March, falling by 3.1 points from February amid spikes in oil and gasoline prices. The University of Michigan sentiment gauge dropped to 59.7, an 11-year low, according to data released Friday. … READ MORE >
Canada’s job market is strong but uncertainty lies ahead
The Canadian economy added 337,000 jobs in February as the reopening of the economy more than offset the job losses in January because of the omicron variant. … READ MORE >
FOMC preview: Powell caught in the crossfire
Next Wednesday’s meeting of the Federal Open Market Committee will result in the central bank hiking its policy rate by 25 basis points to a range of between 0.25% and 0.5%. … READ MORE >
5 things to know in life sciences: Week of March 7, 2022
This week we highlight changes in drug exclusivity, international mRNA manufacturing expansion and more. … READ MORE >