Job creation in July slowed to 73,000 in July on the back of a large downward revision of 258,000 in May and June, capturing a big chill spreading out over the domestic economy and labor market. In addition, the unemployment rate rose to 4.2%, but that increase was partially masked … … READ MORE >
Inflation
Fed’s preferred inflation gauge accelerates in June as tariffs bite
Inflation picked up in June, driven largely by tariffs, according to the personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge. … READ MORE >
Market Minute: Weaker dollar adds to inflation pressure as import prices rise
Once the dollar begins to depreciate, higher inflation typically follows as imported goods become more expensive. … READ MORE >
Impact of tariffs appears in producer inflation despite weak toplines
The cost of goods in the producer price index rose at the quickest pace since February, by 0.3% on the month, as tariffs began to make their way into the broader economy. … READ MORE >
Market Minute: Demand-side inflation implies Fed still has work to do
When the consumer price index for June is released on Tuesday, we expect a top-line monthly increase of 0.3% and 0.2% on the core, which will translate to 2.6% year-over-year increase and 2.9% on the core. … READ MORE >
U.S. economic outlook: Stagflation lite to describe second half
We now expect growth to slow to 1.1% this year, inflation to rise above 3% and a 4.4% unemployment rate. … READ MORE >
Canadian household net worth rises despite economic uncertainty
Canadian household net worth rose for a sixth quarter in a row—but this trend could reverse next quarter as the effects of trade tensions persist and spread. … READ MORE >
Canada’s unemployment rate hits 7% despite some resilience
Despite some economic resilience, Canada’s unemployment rate hit 7 per cent as the damage from tariffs and trade uncertainty permeates the labour market. … READ MORE >
Bank of Canada holds interest rate again amid economic volatility
Despite a better-than-expected first quarter for Canada’s economy, the Bank of Canada held its interest rate again as it contends with tariff uncertainty and economic volatility. … READ MORE >
U.S. spending and inflation ease as companies slam the brakes on imports
American spending moderated in April as U.S. businesses pulled back significantly on imports after months of pulling forward economic activity to avoid higher tariffs. … READ MORE >