Our estimate of what that will take to close the output gap and return to full employment strongly implies the need for roughly $2 trillion in fiscal aid. … READ MORE >
Economics
Employment report preview: Policy implications paramount following January data
We expect that the December employment downturn will be a one-month occurrence and that the January jobs data, to be released Friday, will show a gain of 190,000 and a decline in the unemployment rate to 6.6%. … READ MORE >
Bank of England: Deteriorating economic outlook and negative interest rates
The Bank of England at its meeting on Thursday is expected to keep its policy matrix unchanged as it downgrades its economic outlook and publishes its view on the use of negative interest rates. … READ MORE >
Coronavirus update: The post-holiday surge eases
January was the worst month of the pandemic, with nearly 98,000 U.S. deaths attributed to COVID-19. Now, though, the totals are easing, with new cases receding to 151,000 per day by the end of January. … READ MORE >
How SPACs and direct listings are reshaping the capital markets
The volume and dollar value of public listings went on a tear last year as private companies took advantage of a bullish stock market to raise cash at attractive valuations. … READ MORE >
U.S. personal income and savings: Households are building impressive cash positions
Americans’ personal income increased by 0.6% in December, driving savings positions higher. The gains are creating the conditions for what we believe will be a consumer-led boom in the second half of the year. … READ MORE >
RSM US Manufacturing Outlook Index: Mixed results and a potential pause in the recovery
Sentiment among manufacturers has receded again because of a rapid spread of COVID-19 that has taken a toll on the labor market, consumer demand and the economy. … READ MORE >
Why Biden’s $1.9 trillion stimulus package would be a boon for Canada
Joe Biden’s proposed $1.9 trillion fiscal aid package would not only provide a significant stimulus for the United States, but it would also have a big effect on the Canadian economy. … READ MORE >
Fourth-quarter GDP: Growth eases as economy decelerates
The American economy posted 4% growth in the fourth quarter as the recovery from the depths of the pandemic decelerated into the end of 2020. … READ MORE >
FOMC meeting: Fed adds to debate on further fiscal aid
Federal Reserve Chairman Jerome Powell said on Wednesday that the arrival of vaccines has bolstered the economic outlook for later this year and noted the role of monetary policy in combating the adverse economic impact caused by the pandemic. … READ MORE >