Canada’s July inflation figures are a somber reminder that the road back to 2% will take time and patience. … READ MORE >
interest rates
Rates outlook: As economy enters glide path, bond market hedges its bets
Even as the economy shows positive trends like slowing inflation and a healthy labor market, the bond market is showing anxiety. … READ MORE >
Canada’s job market slows as unemployment rate hits 5.5%
Canada’s unemployment rate rose to 5.5%, the third consecutive increase for the first time since March 2020, the onset of the pandemic. … READ MORE >
Fed survey of loan officers shows rising impact of higher interest rates
The Federal Reserve’s latest survey of bank lending officers confirms that the dampening effect of monetary-policy tightening on borrowing and lending continued in the second quarter. … READ MORE >
RSM US Manufacturing Outlook Index: A continued decline in July
The RSM US Manufacturing Outlook Index slipped back to 1.8 standard deviations below normal, the 15th consecutive month of negative values. … READ MORE >
New data points to further economic slowdown and disinflation
Job openings fell to 9.58 million in June, the lowest since April 2021, according to government data released on Tuesday. … READ MORE >
RSM US Financial Conditions Index moving toward neutral
With the money market at normal levels of risk, and with surging equities balancing out the caution displayed in the bond market, our composite financial conditions market is fast approaching neutral. … READ MORE >
Resilience defined as American economy continues to defy expectations
Driven by the household consumption, the American economy expanded at a 2.4% seasonally adjusted annualized rate. … READ MORE >
FOMC policy decision: The time for an end to rate hikes has arrived
With the policy rate standing above two closely watched measures of inflation, it is now time for the Federal Reserve to allow the economy an extended period to absorb the impact of past rate hikes. … READ MORE >
Housing starts and permits drop in June as rates surge
New residential starts fell by 8% on the month, while permits for new buildings declined by 3.7%, the Commerce Department reported on Wednesday. … READ MORE >