New claims fell by 12,000 to 201,000 for the week ending Feb. 17, according to the Labor Department’s data on Thursday. … READ MORE >
Inflation
Canada’s inflation excluding shelter hit target in January
Canada’s consumer price index dropped to 2.9% in January, led by lower year-over-year figures in gasoline prices. On a monthly basis, prices stayed flat. … READ MORE >
Geopolitical tensions and risks to the inflation outlook
Just as inflation appeared to be coming under control in recent months, rising tensions in the Middle East have shaken this view and now represent the major risk to our economic and inflation outlooks. … READ MORE >
Inflation expectations remain remarkably well anchored
The Federal Reserve’s five-year inflation forward breakeven rate—a closely watched measure of inflation expectations—stands at 2.3%, below the cyclical peak of 2.67% posted on April 19, 2022. … READ MORE >
U.S. retail sales fall in January as holiday hangover sets in
In a break from recent years, ,American consumers began the year on a weak note as retail sales fell 0.8% on a monthly basis in January, according to Census Bureau data. … READ MORE >
CPI: Fed to remain patient as real wages rise 1.4%
January’s data shows that inflation is continuing to ease even as wages increase on an inflation-adjusted basis—an undeniably positive development. … READ MORE >
Revising our 2024 inflation outlook: Moving back to a 2% target
We expect the Fed to begin cutting rates in June, and that the central bank will reduce its policy rate four times this year, by 25 basis points each. … READ MORE >
Service sector grows faster than expected in January
The ISM service data is another reason to believe the Federal Reserve should not rush cutting rates this year. … READ MORE >
Spending remains strong as a key inflation gauge declines toward Fed’s target
Inflation dynamics to close out last year strongly point to a near-term return to the Federal Reserve’s 2% inflation target amid a solid labor market, strong spending and real income gains. … READ MORE >
Bank of Canada holds rates steady at 5% amid weak growth
the Bank of Canada on Wednesday maintained its policy rate at 5 per cent and continued its restrictive monetary policies. At the same time, though, its public statements signed a more dovish tone. … READ MORE >