The total number of starts in October was 1.3 million, marking the 30th straight month of staying below our long-term sustainable level of 1.7 million. … READ MORE >
interest rates
Canada’s prices for services and shelter decelerated in October
Canada’s consumer price index accelerated in October, but that increase will not deter a rate cut by the Bank of Canada in December. … READ MORE >
U.S. retail sales decelerated in October
The mixed results in the October report should not change the likelihood that the Federal Reserve will cut its policy rate in December. … READ MORE >
Hurricanes and sticky service and housing prices propped up inflation in October
One-time special factors and ongoing sticky shelter and service prices combined to cause an increase of 2.6% in the consumer price index in October. … READ MORE >
Fed cuts rate by a quarter point ahead of a possible pause
Slowing inflation and strong productivity gains imply that the Fed has ample room to keep cutting rates next year. … READ MORE >
The increased attractiveness of corporate bonds as the Fed cuts rates
We expect the Federal Reserve to cut its policy rate by 25 basis points at its meeting on Thursday to a range between 4.5% and 4.75%. … READ MORE >
Distortions in the October U.S. jobs report mask underlying strength
We would urge investors, firm managers and policymakers not to overinterpret the temporary factors driving the top-line decline and to expect a similar dynamic in the November jobs estimate. … READ MORE >
Strong gains in Income and spending boost economic growth in September
American households are well positioned to keep spending at a 3% to 3.5% pace as inflation moves back to 2% and real wages continue to increase. … READ MORE >
American economic outperformance continues as GDP expands by 2.8%
The U.S. economy continues to show strength, with full employment, price stability and strong productivity gains. … READ MORE >
Consumer confidence strengthens despite cooling labor demand
Job openings fell to 7.4 million, the fewest since 2021, from 7.86 million, while hirings rose to 5.56 million from 5.4 million according to the Bureau of Labor Statistics. … READ MORE >