The softer data in manufacturing activities, construction spending and consumer sentiment at the beginning of the year should alleviate concerns regarding the rebound in inflation. … READ MORE >
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Canadian economy grew by 1%, ending 2023 on a positive note
The Canadian economy seems to have bottomed out and be on the rebound, growing by 0.2% in the fourth quarter of last year and by 1% on an annualized basis, exceeding expectations. … READ MORE >
RSM US Manufacturing Outlook Index: Soft sentiment in an uneven recovery
The slowdown in manufacturing continued into February, but at a slower pace, according to surveys conducted by regional Federal Reserve banks. … READ MORE >
5 things to know in life sciences: Week of Feb. 26, 2024
From 3D bioprinting to a breakthrough in obesity treatment, here’s what’s happening in life sciences. … READ MORE >
January inflation and spending data implies more noise than trend
The Federal Reserve’s closely watched measure of inflation, the personal consumption expenditures index, continued to show strength in January, rising by 0.3% on the month and by 2.4% from a year ago. … READ MORE >
How real is the wealth effect in a bull market?
Using a back-of-the-envelope calculation, we estimate that the sharp rebound in equities last year contributed to an increase of roughly $900 billion in households’ stock wealth, or $288 billion in consumer spending. … READ MORE >
Softer economic data reaffirms prospect of a soft landing
Softer economic data reaffirms we are inching closer to a soft landing
… READ MORE >
Donations to higher education decreased in last fiscal year—CASE report
Donations to higher education institutions dropped last year … READ MORE >
What would Keynes do? Russian assets and funding the war in Ukraine
One way to finance the Ukraine war: Use Russia’s foreign exchange reserves as collateral to raise private sector debt. John Maynard Keynes just might have approved. … READ MORE >
New home sales grew more slowly in January amid elevated mortgage rates
Sales of new homes grew 1.5% in January, much slower than the 7.2% increase in December, most likely because of elevated mortgage rates. … READ MORE >