Hours: Monday - Friday 8:00 am - 5:00 pm

Resources

Search Results

Retail sales surge, easing recession fears for now

Retail sales surge, easing recession fears for now

Retail sales data surged in October as holiday shopping started early for the second year in a row.
How high will interest rates go?

How high will interest rates go?

We expect the Fed to raise its policy rate above 5% in the near term while at the same time reducing its balance sheet by $95 billion per month.
Consumer sentiment falls as outlook worsens

Consumer sentiment falls as outlook worsens

The University of Michigan's consumer sentiment index declined by a sharp 5.2 points to 54.7 in the first half of November, slightly above the all-time low in June at 50, according to survey data released Friday
When will inflation slow? Pay attention to housing.

When will inflation slow? Pay attention to housing.

We estimate that there is an approximately 18-month lag between changes in housing prices and those in the housing inflation components.
Consumer products holiday season insights: Retail holiday shopping expected to be strong this year

Consumer products holiday season insights: Retail holiday shopping expected to be strong this year

The holiday shopping season is expected to continue to show strong nominal spending by consumers.
U.S. October jobs report: Strong growth as labor market remains tight

U.S. October jobs report: Strong growth as labor market remains tight

Total employment increased by 261,000 jobs in October, which brought the total gain in employment this year to 4 million positions.
Fed raises its policy rate by 75 basis points as it prepares to slow pace of hikes

Fed raises its policy rate by 75 basis points as it prepares to slow pace of hikes

The Federal Reserve increased its policy rate by 75 basis points on Wednesday to a range between 3.75% and 4% as it hinted at slowing the pace of its hikes.
Inflation persists as spending rebounds strongly in September

Inflation persists as spending rebounds strongly in September

While inflation data came out slightly better than expected, the key wage inflation metric-the employment cost index-remained elevated.
FOMC preview: Policy rate moving higher as Fed may prepare to slow pace of price stability campaign

FOMC preview: Policy rate moving higher as Fed may prepare to slow pace of price stability campaign

We expect the Federal Reserve to increase its policy rate by 75 basis points to a range of 3.75%-4% when it publishes its policy decision on Nov. 2.
U.S. new home sales fell 10.9% in September

U.S. new home sales fell 10.9% in September

The steep rise in mortgage rates has been the number one reason for the fall in demand.
U.S. housing starts continue to fall amid rate hikes

U.S. housing starts continue to fall amid rate hikes

New housing starts fell by 8.1% in September as the impact of rising mortgage rates worked through the housing market.
Retail sales stay flat as inflation remains elevated

Retail sales stay flat as inflation remains elevated

American consumer spending was unchanged in September, held back mainly by auto and gasoline sales as prices at the pump and auto dealers fell on the month.
Inflation remains hot, sticky and elevated, implying another supersized rate hike

Inflation remains hot, sticky and elevated, implying another supersized rate hike

Both top-line and core inflation remain hot, sticky and elevated, which implies another rate increase of 75 basis points at the Fed's November meeting.
Economic headwinds: Law firms

Economic headwinds: Law firms

The professional services industry has experienced a luxury that many others throughout the pandemic have not—stability. However, now that the U.S. economy contracted in each of the first two quarters of 2022, the warning signs are clear: Without making significant progress on improving productivity, firms in all sectors risk a sharp decline in profits in 2022 amid the increase of direct expenses and inflation.
Pending home sales fall to their lowest level since April 2020

Pending home sales fall to their lowest level since April 2020

Pending home sales in the United States fell by 2% in August, the third straight monthly decline amid a steep rise in mortgage rates.
Amid global economic turmoil, stress grips fixed-income markets

Amid global economic turmoil, stress grips fixed-income markets

Fixed-income markets are signaling a shift in perceptions of financial stability and raising a caution flag for investors.