The worst of monetary tightening for the financial market may be behind us, according to the latest quarterly Senior Loan Officer Opinion Survey released by the Federal Reserve … READ MORE >
interest rates
Service sector grows faster than expected in January
The ISM service data is another reason to believe the Federal Reserve should not rush cutting rates this year. … READ MORE >
Hiring accelerates in January as unemployment remains below 4%
The U.S. economy created 353,000 new jobs in January on the back of an upward revision to 333,000 from 216,000 in December. … READ MORE >
Productivity continues to rise in potential game changer for economy
The increase in productivity has most likely been a catalyst for both robust economic growth and disinflation over the past year. … READ MORE >
FOMC policy decision: Setting the predicate for rate cuts
The Federal Reserve shifted its bias on monetary policy away from tightening to a balance of risks that favors neither rate hikes nor cuts. … READ MORE >
Canadian economy grew more than expected in November
The Canadian economy expanded in November by 0.2% on a month-over-month basis, slightly exceeding expectations after staying flat for three months. … READ MORE >
The Fed’s key wage gauge slows to lowest level since 2021
The overall index eased to 0.9% in the fourth quarter on a seasonally adjusted basis, down from 1.1% in the previous quarter. … READ MORE >
Strong job openings and consumer confidence point to robust employment gains
Job openings inched up to more than 9 million, surpassing expectations and reflecting strong demand in December. … READ MORE >
FOMC preview: Modest adjustments will lead to pivot by midyear
The FOMC next week will almost certainly leave its policy rate unchanged between 5.25% and 5.5% and maintain the pace of quantitative tightening. … READ MORE >
Spending remains strong as a key inflation gauge declines toward Fed’s target
Inflation dynamics to close out last year strongly point to a near-term return to the Federal Reserve’s 2% inflation target amid a solid labor market, strong spending and real income gains. … READ MORE >