US Rapid Response Consumer Prices - Annual Revision to Seasonal Factors 9th February 2024 · 2 mins read
Canada Rapid Response Canada Labour Force Survey (Jan.) Although the sharp rise in employment in January may paint a healthier picture of the labour market than what is under the surface, the Bank of Canada will still be concerned about the renewed decline... 9th February 2024 · 2 mins read
US Housing Market Update Another challenging year for first-time buyers The recent fall in the homeownership rate revealed by the Housing Vacancy Survey (HVS) is unlikely to reverse given still-high mortgage costs. The survey also provided more evidence in support of our... 8th February 2024 · 3 mins read
US Economics Update Strong payrolls unlikely to reignite wage growth The strength of payroll employment growth over the past two months is likely to be a blip rather than the start of a renewed acceleration and the wider evidence still points to a further slowdown in... 8th February 2024 · 5 mins read
US Economics Focus Has a new productivity boom begun? The resurgence in productivity growth is mainly a cyclical response to the tightness of the labour market rather than a sign that the AI revolution is already bearing fruit. Nevertheless, that still... 7th February 2024 · 12 mins read
US Housing Market Rapid Response Mortgage Applications (Jan. 2024) The average mortgage rate in January was unchanged from the month before, but that didn’t prevent mortgage applications for home purchase rising for a third consecutive month. And with interest rates... 7th February 2024 · 2 mins read
Event US Drop-In: January CPI and the timing of the start of Fed easing 1707836400 What does the recent data flow and Jerome Powell’s pushback mean for the timing of the first Fed rate cut? How quickly and easily will core inflation get back to target?
Capital Daily Another mini banking crisis looks unlikely Although last week’s renewed underperformance of US regional banks and equity office REITs sparked fears of another mini banking crisis, a fairly steady decline in the option-adjusted spreads (OAS) of... 6th February 2024 · 4 mins read
US Economics Update Credit conditions normalising The Fed’s latest Senior Loan Officer Opinion Survey suggests that banks have put last year’s SVB regional bank crisis firmly behind them and, with long-term interest rates markedly lower than the... 5th February 2024 · 2 mins read
US Commercial Property Update Distressing state of affairs for some multifamily investors Recent headlines have drawn attention to the immediate risks facing multifamily investors and lenders. While we think this concern is appropriate, we think the biggest risks face assets financed at... 5th February 2024 · 5 mins read
Climate Economics Update Regional data lift lid on Canada’s climate credentials To mark the addition of Canada to our Regional Climate Databank, this Update takes a closer look at the sub-national climate-related data in the country. In view of the wider interest, we are also... 5th February 2024 · 4 mins read
US Economics Weekly Powell preaches caution amid jobs bonanza Based on the steer provided by Fed Chair Jerome Powell halfway through this week’s press conference, we now expect the first Fed rate cut to come at the early-May FOMC meeting rather than in mid-March... 2nd February 2024 · 6 mins read
