The prospect of an expansion of hostilities in the Middle East has put in focus a potential oil supply shock if shipping through the Strait of Hormuz is significantly disrupted. … READ MORE >
Joe Brusuelas
Market Minute: Canada’s trade outlook not as bleak as feared
While uncertainty plagues Canada’s trade outlook, a relatively low U.S. effective tariff rate means things might not be as bleak as they seemed back in March. … READ MORE >
Market Minute: Investment in an age of uncertainty
Investors should prepare for an extended period of dollar weakness, inflation and higher interest rates. … READ MORE >
The Market Minute from Joe Brusuelas, now available in your in-box
RSM Chief Economist Joe Brusuelas, In his daily Market Minute, offers a forward-looking analysis of the issues affecting businesses, markets and the economy … READ MORE >
U.S. job creation continues to cool as tariffs begin to take hold
Job creation continued to cool in May as the economy created 139,000 jobs, just above the RSM forecast of 125,000, and the unemployment rate held steady at 4.2%. … READ MORE >
Market Minute: May jobs report to reflect a modest cooling
We expect a gain of 125,000 jobs and a modest increase in the unemployment rate to 4.3% when the U.S. employment report for May is released on Friday. … READ MORE >
Market Minute: Empty containers are piling up at Los Angeles-area ports
Based on discussions with those in our professional network and a visit to the Ports of Los Angeles and Long Beach, we expect that the plunge in imports will begin showing up in the real economy during the first two weeks of July. … READ MORE >
Market Minute: Canada’s trade diversification away from U.S. as tariff pain remains
Canada’s latest trade data provides an indicator of the diversification away from U.S. dollar-denominated assets as tariff tensions continue to simmer between the longtime trade partners. In March, Canada’s merchandise exports to countries other than the U.S. surged by 24.8 per cent on a month-over-month basis—the second-largest increase in recorded … … READ MORE >
Fed maintains rates but signals risk of stagflation
The Federal Open Market Committee held its policy rate steady in a range between 4.25% and 4.5% on Wednesday. But the Fed updated its policy statement in which it highlighted the risk of stagflation. … READ MORE >
Market Minute: April was the cruelest month. Now, all eyes are on the Fed.
We expect the Federal Reserve to keep its policy rate in a range between 4.25% and 4.5% with little to no change in the policy statement when the Federal Open Market Committee meets on May 6 and 7. … READ MORE >