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 >
Coronavirus
Personal spending grows hot in July as inflation stabilizes
American consumers remained in the position of strength when it came to spending and income growth this summer as inflation stabilized further and the labor market stayed resilient. … READ MORE >
Job openings and factory orders soften amid recession concerns
Job openings and factory orders came in lower than expected on Tuesday, continuing to show signs of softening economic demand that should work in the Federal Reserve’s favor in fighting inflation. When the new data is combined with softer economic data released recently, the risk of a recession in … … READ MORE >
Back-to-normal supply chain fuels disinflation tailwind
Supply chains in the United States continued to recover in December, remaining at the pre-COVID level for the sixth straight month, according to the RSM US Supply Chain Index. … READ MORE >
The pandemic response: Assessing the Main Street Lending Program
The Main Street Lending Program was the Federal Reserve’s most direct intervention in the bank loan market since in the 1930s and 1940s … READ MORE >
The pandemic response: Assessing the Paycheck Protection Program
The American economy was facing an abyss in March 2020, but because of forceful action by the fiscal and monetary authorities, it rebounded faster than expected. … READ MORE >
Immigration is key to solving Canada’s labour shortage
Canada cannot solve its chronic shortage of workers through natural growth. It needs a policy of robust immigration. … READ MORE >
Updated FOMC call: Fed to hike policy rate by 75 basis points
Based on movements inside the rate markets, quickly changing inflation expectations and a rattled investor class, we now expect the Federal Reserve on Wednesday to raise its policy rate by 75 basis points to a range between 1.25% and 1.50%. … READ MORE >
FOMC preview: 50-basis-point hikes through September
We expect that the Federal Open Market Committee this week will lift the federal funds policy rate by 50 basis points to a range between 1.25% and 1.5%. … READ MORE >
Canada’s merchandise trade growth slows
After two consecutive months of strong growth, Canada’s exports leveled off in April while imports rose slightly, netting a surplus of CA$1.5 billion. … READ MORE >