The Federal Reserve increased its policy rate by 75 basis points on Wednesday to a range between 3.75% and 4% as it hinted at slowing the pace of its hikes. … READ MORE >
inflation
Job openings and manufacturing production grow more than expected
Job openings came in hotter than expected in September, suggesting that the imbalance in the labor market will take longer to resolve than originally anticipated. … READ MORE >
RSM US Manufacturing Outlook Index: Continued signs of a slowdown
Our composite measure of manufacturing activity shows that the decline has reached more than 1.6 standard deviations below normal. … READ MORE >
Consumer confidence falls in October amid inflation concern
Consumer confidence fell below expectations in October as inflation concern persists. The Conference Board’s consumer confidence index was down to 102.5 from 107.8 from a month earlier. … READ MORE >
Initial jobless claims fall below pre-pandemic level
New claims for jobless benefits fell by 5.3% to 214,000, below the pre-pandemic average in 2019 as layoffs remain historically low. … READ MORE >
U.S. housing starts continue to fall amid rate hikes
New housing starts fell by 8.1% in September as the impact of rising mortgage rates worked through the housing market. … READ MORE >
Canada’s inflation refuses to cool
Canada’s CPI rose by 6.9% on a year-over-year basis, slightly down from 7% in August, continuing a three-month streak of decline. … READ MORE >
End of an era? Bond market selloff prompts a new regime
The dramatic fiscal and monetary response to the pandemic has elicited a structural break in globalization, growth and liquidity regimes that have driven the world’s economies over the past 25 years. … READ MORE >
Consumer sentiment rises despite worsening inflation expectations
Consumer sentiment rose for the fifth straight month to 59.8 in October but a worsening inflation outlook clouded the otherwise positive news. … READ MORE >
Retail sales stay flat as inflation remains elevated
American consumer spending was unchanged in September, held back mainly by auto and gasoline sales as prices at the pump and auto dealers fell on the month. … READ MORE >