The Bank of Canada kept its policy rate at 0.25% at its December meeting on Wednesday as it prepares the public and market participants for the normalization of monetary policy and the first increase in interest rates next year. … READ MORE >
Joseph Brusuelas
Chart of the day: With oil prices elevated, will U.S. production follow?
Our model of the relationship between wholesale gasoline futures and retail gasoline prices implies a decline of 15% to 20% from the current national average of $3.36 per gallon. … READ MORE >
November U.S. job data: A tale of two reports as unemployment rate fell to 4.2%
The labor market is tightening, and wages are rising in what is the best labor market for workers since the late 1990s. … READ MORE >
RSM US Manufacturing Outlook Index: November was a good month
The RSM US Manufacturing Outlook Index in November reached its highest level since the spring, indicating a sustained economic recovery should the health crisis not get in the way. … READ MORE >
Wholesale gas futures point to decline in retail prices
Based on the relationship between retail gasoline costs and wholesale gasoline prices, that cost for consumers is likely to decline in the near term. … READ MORE >
What the global coordinated release of petroleum reserves means
The politics and policy of global inflation will begin to shape markets as major global economies push back in direct and indirect ways on the surging price of oil. … READ MORE >
Looking ahead to 2022 and what to expect in the economy
As the economy approaches a full reopening, we expect that growth in 2022 will exceed 4%, the unemployment rate will fall to 3.5% and job growth will average roughly 230,000 per month. … READ MORE >
The infrastructure package will bolster productivity and economic modernization
The package signed into law represents the most significant modernization of the nation’s infrastructure since the middle of the 20th century. … READ MORE >
Introducing the RSM US Supply Chain Index: Sustained growth depends on retooling
We have created the RSM US Supply Chain Index to provides a near real-time and forward look for the elements of transportation, manufacturing, sales and labor. … READ MORE >
Chart of the day: Pricing in the December debt cliff
Despite the recent legislative passage of a 10-year infrastructure investment plan, Congress and the Biden administration are no closer to an agreement on lifting the debt ceiling. … READ MORE >