Citing a lack of progress in reducing inflation, the Federal Reserve kept its policy rate unchanged at 5.5% at its meeting on Wednesday, the same rate it has had since July. … READ MORE >
Inflation
American consumers continue to spend despite sticky inflation
Spending remained strong in March on the heels of robust income growth despite sticky inflation, according to Commerce Department released on Friday. … READ MORE >
Bank of Canada holds its rate at 5% in dovish statement
The Bank of Canada has signaled that it is ready to take the foot off the brakes in June as long as job and inflation numbers progress as expected. … READ MORE >
Hot inflation data dims prospects for a Fed rate cut in June
The year-ago consumer price index rose to 3.5% from 3.2% for overall inflation and stalled at 3.8% for the core inflation reading. … READ MORE >
U.S. jobs report: American exceptionalism amid dynamic growth
The American economy continued to show resilience in March, adding 303,000 jobs as the unemployment rate dropped to 3.8%. … READ MORE >
Service sector continues to normalize in March
The ISM services composite index fell to 51.4 from 52.6, while the prices paid subindex dropped to 53.4 from 58.6. … READ MORE >
Full employment, low inflation and a virtuous cycle in the American economy
Today, we think that the economy has reached full employment and that a virtuous cycle that bolsters productivity and dampens inflation is now possible. … READ MORE >
The Fed at an inflection point: A webinar from RSM US and U.S. Chamber of Commerce
With inflation easing and the labor market showing some signs of softening, the Fed has signaled that it intends to cut rates three times this year. But when will those cuts start? … READ MORE >
Fed holds rates steady as it implies three rate cuts in 2024
The primary takeaway from the Federal Open Market Committee’s policy statement and forecast is that the Fed, along with other major central banks, are likely to provide a near-synchronized set of rate cuts this year and next. … READ MORE >
February’s inflation in Canada makes case for rate cuts
Canada’s consumer price index fell to 2.8% February, marking the second consecutive month of easing inflation and bolstering the case for the Bank of Canada to cut rates in June. … READ MORE >