Estimates of logistics data in the RSM US Supply Chain Index, as seen in the index’s Nowcast, point to improved conditions in the U.S. supply chain heading into the end of the year. … READ MORE >
Delta variant
Chart of the day: Consumer sentiment improves slightly amid inflation
The headline consumer sentiment index rose to 70.4 on the month from 67.4 previously, and only 0.1 higher than August when the delta variant’s surge hit the United States. … READ MORE >
Initial jobless claims fall to 52-year low amid labor shortages
Initial claims for jobless benefits fell to 184,000 for the week ending Dec. 4, down from 227,000 in the previous week, according to Labor Department data released on Thursday. … READ MORE >
Chart of the day: Job openings rise to second highest on record as quit rate slowed
Job openings, a proxy for labor demand, reached 11.03 million, exceeding 11 million for the second time on record, slightly lower than the all-time high set in July. … READ MORE >
Bank of Canada decision: Central bankers set the stage for 2022 rate hikes
The Bank of Canada kept its policy rate at 0.25% at its December meeting on Wednesday as it prepares the public and market participants for the normalization of monetary policy and the first increase in interest rates next year. … READ MORE >
Chart of the day: U.S. consumer confidence inches down
Consumer confidence inched down in November to 109.5, the lowest since March, as inflation continued to take its toll. … READ MORE >
RSM US Financial Conditions Index: Setting the stage for sustained growth
In its current reading, the RSM US Financial Conditions Index indicates a level of accommodation that is more than 1.4 standard deviations above normal. … READ MORE >
Looking ahead to 2022 and what to expect in the economy
As the economy approaches a full reopening, we expect that growth in 2022 will exceed 4%, the unemployment rate will fall to 3.5% and job growth will average roughly 230,000 per month. … READ MORE >
Chart of the day: Decline in initial jobless claims slows
New filings for jobless claims showed little change for the week ending Nov. 13 with a decrease of 1,000 from the prior week to 268,000, marking an easing in the pace of declines from early October. … READ MORE >
Inflation in Canada hits 4.7% amid soaring gas prices
October inflation in Canada climbed to 4.7%, the highest since February 2003 and up from 4.4% in September, primarily because of skyrocketing gasoline prices. … READ MORE >