Labor demand remained strong in May, bolstering hirings during the month, the Bureau of Labor Statistics reported on Tuesday. … READ MORE >
Tuan Nguyen
Manufacturing sector weakens in June
As the Federal Reserve continues to hold rates at an elevated level, demand for manufacturing goods has been dampened for most of the year. … READ MORE >
June jobs report preview: Beveridge curve implies a balanced labor market as hiring cools
We think it will soon be time for the Fed to cut rates to avoid unnecessary damage to jobs and economic growth. … READ MORE >
Slower growth raises prospect of a Fed rate cut
Economic growth appeared much softer in the first five months of the year following the release of key economic data on Thursday. … READ MORE >
Jobless claims ease as housing starts drop
Initial jobless claims dropped by 5,000 last week to 238,000 yet remained elevated near a 10-month high as housing starts fell in May to the lowest level since June 2020 … READ MORE >
Retail sales and industrial production rise in May
The soft rebound in May’s retail sales was good news, suggesting that the economy might reach a soft landing sooner than expected. … READ MORE >
Consumer sentiment falls more than expected
Consumer sentiment dropped to 65.6 in June, a seven-month low, which was much less than expected with declining sentiment on personal finances as the focus, according to the University of Michigan survey. … READ MORE >
PCE inflation preview: From noise to norm, rate cuts are on the horizon
Following the release of the consumer price index and producer price index this week, we are now forecasting a 0.084% increase in the May personal consumption expenditures index, translating to a 2.6% increase on a year-over-year basis. … READ MORE >
Initial jobless claims jump as inflation continues to improve
The weekly initial jobless claims figure was the highest level in almost a year, nearing the threshold of 250,000 that in our view signals conditions for a possible recession. … READ MORE >
Canada’s economy grew by 0.4%, bolstering case for rate cuts
The economy expanded by 0.4% in the first quarter after no change in the previous quarter, according to data released by Statistics Canada on Friday. … READ MORE >