Seven FOMC members supported one cut this year, eight supported two and four supported no cuts. Overall, the forecast projects a 5.125% rate later this year. … READ MORE >
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Top 5 takeaways from MLC’s June manufacturing conference
From how manufacturers can secure their connected operations in the age of edge computing to how to ease the burden of technical debt, executives converged in Marco Island, Florida, last week to discuss the industry’s most pressing issues at the Manufacturing Leadership Council’s 2024 Rethink conference. … READ MORE >
U.S. consumer price index cools in May as gas and transportation costs decline
The encouraging May CPI data released by the Labor Department on Thursday is likely to be the first in a string of constructive inflation reports that will define policy normalization at the Fed. … READ MORE >
U.S. financial conditions update: A shift in structure and a new center of gravity
The RSM US Financial Conditions Index turned positive in January and has centered at 0,25 standard deviations above zero since March, indicating the normal level of risk priced into financial securities. … READ MORE >
Manufacturing added jobs in May, but still shows signs of softening
While federal employment numbers released Friday show the U.S. manufacturing sector added jobs in May, the sector also continued a gradual softening, according to data released earlier this week by the Institute for Supply Management. … READ MORE >
Health care sees steady growth and remains a job market powerhouse
Health care added 68,000 jobs in May while pushing up the three-month average to 66,000. … READ MORE >
5 things to know in life sciences: Week of June 3, 2024
From biopharma research productivity to the impact of AI modeling, here’s the latest in life sciences. … READ MORE >
Canada’s unemployment rate rises to 6.2 per cent, bolstering case for further rate cuts
Canada’s jobs report for May showed that the labour market continued to soften as the economy added 27,000 jobs and the unemployment rate inched up to 6.2%. … READ MORE >
U.S. jobs report: Strong demand for labor continues its remarkable run in May
Labor demand continues to increase at a remarkably strong pace, which removes the prospect of a July rate hike and creates the sense that the Federal Reserve may fall further behind other central banks as they pivot to lower rates. … READ MORE >
FOMC preview: Dot plot to imply two rate cuts this year
We expect the Federal Open Market Committee to keep its policy rate unchanged between a rate of 5.25% and 5.5% at its meeting next week. … READ MORE >