Filings for jobless benefits fell last week to the lowest level in 16 months, a testament for how resilient the labor market continues to be. … READ MORE >
Economics
How attacks on ships in the Red Sea are affecting trade
Trade through the Red Sea accounts for 15% of total global sea trade, including vital supplies of grains, seaborn liquid natural gas and oil. … READ MORE >
Retail sales and industrial production point to a strong end of the year
Retail sales blowing past expectations while industrial production volume stayed solid, according to government data released Wednesday. … READ MORE >
The price of eggs and public sentiment
While inflation continues to recede, higher prices continue to affect household finances, causing the public to evaluate the economy as sour. … READ MORE >
Canada’s inflation accelerated to 3.4% in December
December’s CPI increase is likely a blip in the path toward price stability as the overall rate heads to a range to below 3% soon. … READ MORE >
December CPI: Sticky service and housing prices illustrate the difficult last mile in inflation fight
Despite a three-month annualized top-line inflation pace of 1.8% and a six-month rate of 3.3%, prices in the service sector, which comprises 62% of the overall index, increased by 5% on a year-ago basis. … READ MORE >
Rate normalization and the return of risk
Conditions are ripe for the yield curve to continue to normalize as the long end moves to a range between 4% and 4.25%. … READ MORE >
Canada failed to add jobs in December
Canada lost 23,500 full-time jobs in December, replaced by a gain of 23,600 part-time positions. … READ MORE >
December employment report caps an extraordinary year of 2.7 million jobs added
The U.S. economy added 216,000 jobs in December, closing out an extraordinary year that saw an increase of 2.7 million in total employment and a record 167 million Americans employed. … READ MORE >
U.S. income and spending see strong gains as year nears an end
November had a 0.4% increase in nominal income and spending, while inflation-adjusted spending advanced at a 0.3% pace, according to Commerce Department data released on Friday. … READ MORE >