The producer price index rose by 0.4% in January, following an upwardly revised 0.5% increase in December, making it the hottest two-month stretch of inflation since February last year. … READ MORE >
Federal Reserve
Market minute: Money markets signal an easing in 10-year yields
A look at the spread between the two-year and 10-year U.S. Treasury yields in comparison with the Treasury term premium implies room for further easing in long-term yields. … READ MORE >
Inflation accelerates in January amid concerns about rising expectations
The CPI data for January will feed into expectations that the Fed is done cutting rates just as policy uncertainty on trade and immigration is likely to feed into rising inflation expectations.
… READ MORE >
Market minute: The problem of sticky and stubborn inflation
While housing inflation is easing, owners’ equivalent rent remains one of the two major catalysts for rising cost pressures on American households. … READ MORE >
Market minute: Foreign purchases of U.S. Treasury issuance
Through the end of November, the largest foreign holders of U.S. debt were Japan at $1.09 trillion, China at $768 billion and the U.K. at $765 billion. … READ MORE >
Job growth cools in January amid revisions to labor force estimate
The tailwind in the American economy resulted in 143,000 jobs added in January and a decline in the jobless rate to 4%. … READ MORE >
Labor demand cools in December
Job openings fell to 7.6 million from 8.2 million in November, near the pre-pandemic level and providing the Fed with more relief regarding wage pressure on inflation. … READ MORE >
Even with pause, Trump’s tariffs and Canada’s response establish volatile new economic reality
While a reprieve on tariffs may be welcomed, the back-and-forth between the U.S. and Canada laid bare Canada’s economic vulnerability amid ongoing political volatility. … READ MORE >
U.S. households show robust gains on spending and income
Robust income and spending gains continue to underscore a strong economy that is benefiting not only from real income gains but also from rising equity and home prices. … READ MORE >
Robust household consumption supports 2.3% GDP growth
We expect growth this year to expand at a 2.5% pace with risk of a quicker pace of expansion—above 3%—as the economy continues to outperform its global peers. … READ MORE >