The worst of monetary tightening for the financial market may be behind us, according to the latest quarterly Senior Loan Officer Opinion Survey released by the Federal Reserve … READ MORE >
Economics
Service sector grows faster than expected in January
The ISM service data is another reason to believe the Federal Reserve should not rush cutting rates this year. … READ MORE >
Hiring accelerates in January as unemployment remains below 4%
The U.S. economy created 353,000 new jobs in January on the back of an upward revision to 333,000 from 216,000 in December. … READ MORE >
Productivity continues to rise in potential game changer for economy
The increase in productivity has most likely been a catalyst for both robust economic growth and disinflation over the past year. … READ MORE >
FOMC policy decision: Setting the predicate for rate cuts
The Federal Reserve shifted its bias on monetary policy away from tightening to a balance of risks that favors neither rate hikes nor cuts. … READ MORE >
Canadian economy grew more than expected in November
The Canadian economy expanded in November by 0.2% on a month-over-month basis, slightly exceeding expectations after staying flat for three months. … READ MORE >
The Fed’s key wage gauge slows to lowest level since 2021
The overall index eased to 0.9% in the fourth quarter on a seasonally adjusted basis, down from 1.1% in the previous quarter. … READ MORE >
RSM US Manufacturing Outlook Index: Pullback tempered by rise in capex
The pullback was tempered by an increase in capital expenditures, a reflection of the resilience in the American economy. … READ MORE >
Strong job openings and consumer confidence point to robust employment gains
Job openings inched up to more than 9 million, surpassing expectations and reflecting strong demand in December. … READ MORE >
Financial conditions turn positive amid economic resilience
For the first time since February 2022, the RSM US Financial Conditions Index has turned positive amid a robust economy, strong labor market, easing inflation and rising real wages. … READ MORE >