Surging capital expenditures will result in rising productivity, greater output and a robust labor market. … READ MORE >
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American rite of spring: Strong job gains and falling wages
Friday’s strong jobs report, which had a 4.3% unemployment rate and modest nominal wage growth, provided a fast-paced opening movement to that symphony that will be followed by a far more complex inflation report. … READ MORE >
Market Minute: Expect hiring to edge higher amid soft wage growth
We are forecasting that the jobs report for May will show an increase of 95,000 new positions with risk of a quicker pace. … READ MORE >
Job openings rise to a two-year high
The sharp increase in the Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics followed disappointing results in February and March. … READ MORE >
Market Minute: Sticky service sector inflation
The increase in service sector prices pre-dated the recent supply shock and is part of a broader rise in inflation and interest rates., … READ MORE >
Market Minute: The bond market starts to bite back
In the 13 weeks since the war in Iran began, the yields on 2-year and 5-year Treasury bonds have increased by 64 basis points, closing at 4.0% and 4.14% last Friday. … READ MORE >
Bank of Canada holds interest rate again as economic uncertainty mounts
The Bank of Canada again maintained its key interest rate in a decision that provided little in the way of new information or an updated evaluation on the rapidly changing global economic environment. … READ MORE >
Bank of Canada holds interest rate again amid global economic disruptions
The Bank of Canada held its key interest rate amid domestic economic slack and wider disruptions due to the ongoing war in the Middle East. … READ MORE >