The final estimate for consumer sentiment in February came in slightly higher than the advance estimate, rising to 62.8 from 61.7 previously, yet remaining at a decade low. … READ MORE >
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5 things to know in life sciences: Week of Feb. 21, 2022
Each week we highlight five things you need to know about in the life sciences industry. Here’s the latest. … READ MORE >
Canada’s supply chain worsens amid omicron’s spread
RSM Canada’s Supply Chain Index worsened to 1.84 standard deviations below zero in January, down from a revised 1.36 standard deviations below neutral in December as the omicron variant spread across Canada and the world. … READ MORE >
Consumer goods spending continues hot trend
Consumer goods spending rebounded on a month-over-month basis in January, increasing 7.6% compared with a 6.8% decline in December 2021. … READ MORE >
U.S. consumers spend more in January, defying inflation
Personal spending rebounded in January even as inflation rose at the highest rate in decades. … READ MORE >
U.S. new home sales declined in January
New home sales dropped 4.5% in January as high prices and increasing mortgage rates slowed demand. The omicron variant and colder-than-usual weather in January were also factors in the decline. … READ MORE >
Chart of the day: Initial jobless claims continue to decline
Initial jobless claims last week continued to trend down toward the pre-pandemic level after a period of temporary increases because of the omicron variant. … READ MORE >
RSM US Financial Conditions Index tightens amid rising tensions
The RSM US Financial Conditions Index reached neutral at the end of last week and turned negative on Tuesday’s news that Russia would formalize its control of Russian-speaking parts of Ukraine. … READ MORE >
Chart of the day: Consumer confidence slides
Consumer confidence ticked down in February as expectations for the economy softened. … READ MORE >
In case of emergency break glass: Reviving the enhanced child tax credit to ease inflation
With a robust economy and tax revenues surging, policymakers can look at measures to mitigate further stress on lower-income households caused by rising food, fuel and goods prices. … READ MORE >