The American economy continued to show resilience in March, adding 303,000 jobs as the unemployment rate dropped to 3.8%. … READ MORE >
Inflation
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 >
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 >
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 >