We anticipate that the Federal Open Market Committee meeting on March 19 and 20 will maintain the status quo in its policies. … READ MORE >
Economics
February consumer price index: Sticky yet under control
Inflation remains below wage growth as real hourly wages increased by 1.1% on the month and on a year-ago basis. … READ MORE >
Should the U.S. ban imports of Chinese electric vehicles?
Should a pause or outright barrier on entry of Chinese EVs into the U.S. market happen, this should not lead companies to become complacent. … READ MORE >
Canada’s jobs report offers mixed messages on rates
The economy added 40,700 jobs, exceeding expectations and a sign of remaining steam that could keep the economy afloat for a few more months. … READ MORE >
U.S. employment report: Robust hiring continued in February
Sustained demand for labor in the American economy was on vivid display on Friday as the Labor Department reported that 275,000 jobs were created in February. … READ MORE >
Bank of Canada maintains interest rate at 5%
The Bank of Canada kept its policy rate unchanged at 5% for the fifth time in a row as it continued to wait for inflation to further moderate. … READ MORE >
Job openings inch down as economy stays on track for a soft landing
Job openings cooled in back-to-back months to 8.86 million in January with December’s figure revised down to 8.89 million from 9.03 million previously, according to the Bureau of Labor Statistics. … READ MORE >
Service sector continues to grow in February
The service sector continued to grow in February for the 14th straight month, according to the Institute for Supply Management on Tuesday. … READ MORE >
Canadian economy grew by 1%, ending 2023 on a positive note
The Canadian economy seems to have bottomed out and be on the rebound, growing by 0.2% in the fourth quarter of last year and by 1% on an annualized basis, exceeding expectations. … READ MORE >
RSM US Manufacturing Outlook Index: Soft sentiment in an uneven recovery
The slowdown in manufacturing continued into February, but at a slower pace, according to surveys conducted by regional Federal Reserve banks. … READ MORE >