Overall prices for final demand rose by 0.5% on the month while energy prices increased by 3.3%, the Bureau of Labor Statistics reported on Wednesday. … READ MORE >
inflation
American consumers remain resilient as shutdown looms
Despite a rise in overall inflation because of higher oil prices, core inflation and spending volume remained soft in August. … READ MORE >
FOMC policy decision: No rate hike as Fed implies soft landing
The Fed maintained its policy rate in a range between 5.25% and 5.5% while revisions to its Summary of Economic Projections strongly imply that the central bank no longer expects a recession. … READ MORE >
Canada inflation surges 4%, exceeding forecasts
Canada’s Consumer Price Index increased by 4% on an annual basis in August, far exceeding the central bank’s 2% target. … READ MORE >
Low core inflation should keep the Fed from hiking rates
While we expect the Federal Reserve to hold rates unchanged on Wednesday, what its updated Summary of Economic Projections will look like remains less clear. … READ MORE >
Energy pushes inflation higher but core prices remain grounded
Consumer inflation in August posted the biggest monthly increase in more than a year, driven mostly by the surge in oil and energy prices. … READ MORE >
Why the Fed should lift its 2% inflation target
We expect the Fed to hold its policy rate steady at 5.25% to 5.5% at its meeting next week and would advise the Fed to begin shaping expectations about a likely cyclical peak at that range. … READ MORE >
Bank of Canada holds rates steady amid a cooling economy
The central bank’s decision to keep rates steady also suggested that its campaign of rate increases might be over, rendering a rate peak of 5%. … READ MORE >
Personal spending grows hot in July as inflation stabilizes
American consumers remained in the position of strength when it came to spending and income growth this summer as inflation stabilized further and the labor market stayed resilient. … READ MORE >
Consumer products M&A cooled in the first half
Merger and acquisition activity among consumer products companies took a breather in the first half of the year as valuations were reset amid rising interest rates. … READ MORE >