September 11, 2024 U.S. Consumer Price Index (August 2024) The Consumer Price Index (CPI) rose 0.2% month-on-month (m/m) in August, bang-on the consensus forecast. On a twelve-month basis, CPI fell to 2.5% (from 2.9% in July).

September 10, 2024 U.S. NFIB Small Business Optimism Index (August 2024) Small business confidence retreated in August, fully erasing the improvement made in the month prior. The decline reflected a worsening in earning trends, along with a deterioration in expectations for future sales and business conditions.

U.S. Employment - Labor market, hiring, job creation

September 06, 2024 U.S. Employment (August 2024) Non-farm employment rose by 142k in August, slightly below the consensus forecast calling for a gain of 165k. Job gains in the two prior months were revised lower by 86k.

September 05, 2024 U.S. ISM Services Index (August 2024) The ISM Services index was virtually unchanged in August, coming in at 51.5 from 51.4 in July, and virtually in line with the 51.4 expected. Like last month, ten of 18 industries reported growth for the month.

September 05, 2024 U.S. Vehicle Sales (August 2024) U.S. vehicle sales fell 4.5% month-on-month (m/m) to 15.1 million (annualized) units in August – disappointing consensus expectations for 15.4 million units.

September 03, 2024 U.S. ISM Manufacturing Index (August 2024) The ISM Manufacturing Index marginally improved in August, rising to 47.2 and just short of expectations of a 47.5 print.

August 30, 2024 U.S. Personal Income & Spending (July 2024) Consumers seemed to have relied more heavily on savings to keep consumption going in July. While the resilience they have displayed thus far has been impressive, the slowdown in the job market and diminished savings will put this to the test going forward.

August 29, 2024 Real GDP (Q2-2024, second estimate) The Bureau of Economic Analysis' second estimate of Q2 GDP saw a very modest upward revision relative to the preliminary reading. Overall, the economy continued to show ongoing resilience through the second quarter, as evidenced by the breadth of gains across domestic drivers.

U.S. FOMC Chair Powell Speech at Jackson Hole

August 23, 2024 U.S. FOMC Chair Powell Speech at Jackson Hole Symposium (August 23, 2024) At the Federal Reserve Bank of Kansas City's Jackson Hole Symposium, Federal Reserve Chair Jay Powell gave a much-anticipated speech on the state of the economy, simply titled, Review and Outlook.

August 22, 2024 U.S. Existing Home Sales (July 2024) Existing home sales rose 1.3% month-on-month (m/m) to 3.94 million units (annualized) in July, which was in line with market expectations.

August 21, 2024 U.S. FOMC Meeting Minutes (July 30-31, 2024) The minutes from the July 30-31, 2024 Federal Open Market Committee (FOMC) meeting acknowledged the recent progress made on inflation and easing in labour market conditions.

August 16, 2024 U.S. Housing Starts and Permits (July 2024) Housing starts pulled back in July, extending the serpentine pattern in homebuilding (i.e., rising one month, falling the next) that began at the start of this year.

August 15, 2024 U.S. Retail Sales (July 2024) Retail sales opened up the third quarter on a better footing than it closed the second. The rebound suggests that despite mounting pressures on consumers' balance sheets (as savings dwindle and wage growth slows), the US consumer is not out yet.

Senior Loan Officer Opinion Survey on Bank Lending Practices

August 06, 2024 Senior Loan Officer Opinion Survey on Bank Lending Practices (July 2024) The Federal Reserve's Senior Loan Officer Opinion Survey (SLOOS) on banks' lending practices continued to show progress, as a lower share of banks reported tighter lending standards in the second quarter relative to the first quarter of 2024 on all loan categories.

Federal Reserve Open Market Committee (FOMC) Meeting (July 30-31, 2024)

July 31, 2024 U.S. FOMC Meeting (July 30-31, 2024) As was universally expected, the Federal Reserve Open Market Committee (FOMC) maintained the federal funds rate in the 5.25% to 5.50% range and announced it would continue its balance sheet runoff.

OPEC+ Extends Cuts and Plans for Production Increases

June 03, 2024 OPEC+ Extends Cuts and Plans for Production Increases

October 31, 2023 U.S. Employment Cost Index (Q3-2023)

August 25, 2023 Fed Chair Powell speaks at Jackson Hole

August 08, 2022 2022 Inflation Reduction Act

U.S. International Trade (December 2021)

February 08, 2022 U.S. International Trade (December 2021)