November marked the first month since April when overall CPI inflation grew by 0.3% monthly, or 3.7% annualized, well above the Fed’s 2% target. … READ MORE >
Economics
Morning market minute: Firms to pull forward durable goods orders to avoid tariffs
Firms appear to be acting rationally to avoid rising import taxes in the new year. … READ MORE >
Canada’s job market cools as unemployment rises to 6.8%
The unemployment rate increased by 0.3 percentage points to 6.8 per cent — the highest since January 2017—as more people looked for work. … READ MORE >
Hiring rebounded in November following weather-distorted October report
After the distortions In October’s jobs report caused by two hurricanes, the American labor market bounced back in November with the creation of 227,000 jobs. … READ MORE >
Morning market minute: Will wage growth moderate?
A look at U.S. wage growth ahead of the November U.S. jobs report to be released today should translate to a gain of 3.9% on a year-ago basis. … READ MORE >
Initial jobless claims climb amid holiday volatility
First-time claims for unemployment benefits increased to 224,000 Last week, in line with the 13-week moving average of 226,000. … READ MORE >
Morning market minute: The mystery of rising long-term unemployment
But there a mystery amid today’s strong labor market: Longer-term unemployment of greater than 27 weeks is on the rise. … READ MORE >
ISM service sector survey: Solid expansion continues
With the labor market at full employment and wages growing above inflation, the American service sector is likely to outperform heading into the critical holiday shopping season. … READ MORE >
Morning market minute: Return of the term premium on Treasury notes
While the term premium is modest, given the changing policy matrix amid a strong economy, we expect yields in the new year to move to 4.5% with risk of a move to 5% or higher. … READ MORE >
October job openings surge as labor market shows resilience
Total job openings in October rose to 7.74 million from 7.37 million, the Bureau of Labor Statistics reported on Tuesday. … READ MORE >