While inflation will continue to decrease, price levels are much higher than a few years ago, and that is something that can only get more palatable with higher income levels. … READ MORE >
Economics
Retail sales were unchanged in June but still exceed forecasts
While the economy is cooling down, we believe that the concerns over the so-called death of the American consumer have been exaggerated. … READ MORE >
Why a strong dollar is in America’s best interests
A strong dollar not only means that there is a healthy demand for American-made goods and services, but, perhaps more important, it is also a show of confidence in the U.S. government and financial institutions. … READ MORE >
Producer prices rise 0.2%, but signs still point to lower inflation in Fed’s key gauge
Despite the producer price index coming in stronger than expected on Friday, the Federal Reserve’s most important measure of inflation, the personal consumption expenditures index, should remain near zero in June. … READ MORE >
Further disinflation in the June consumer price index points to a Fed rate cut
The road is now open to a rate cut by the Federal Reserve in September. Broad-based core goods inflation along with easing energy and transportation costs all continue be the primary factors behind inflation’s decline from 9.1% in June 2022 to its current 3%. … READ MORE >
As economy cools, Fed needs to cut rates
This overall slowing should result in the Federal Reserve’s reducing its federal funds policy rate by 25 basis points in September and December, which would put it a range between 4.75% and 5%. … READ MORE >
Canada’s economic outlook: The dawn of recovery
While challenges remain in Canada’s economy, particularly high housing costs, expected rate cuts and continued population growth provide a foundation for renewed prosperity. … READ MORE >
Canada’s unemployment rate rose to 6.4 per cent, calling for further rate cuts
The economy lost 1,400 jobs in June. The unemployment rate jumped by 0.2 percentage points to 6.4 per cent and the employment rate fell by 0.2 percentage points to 61.1 per cent. … READ MORE >
Slower pace of hiring in June bolsters case for Fed rate cut
The June jobs report should send a signal to the Fed that with inflation sitting at 2.6%, conditions are aligning for a rate cut in September. … READ MORE >
Hurricane Beryl highlights the rising risks to U.S. oil and gas production
Climate change is producing larger and more frequent storms. Making supply chains and production more resilient is no longer an option but a necessity. … READ MORE >