Archive for the ‘United State’ tag
CIBC’s Rubin Sees U.S. Inflation Hitting 6%
Headline inflation in the United States could be
headed as high as 6% before the end of the year, CIBC chief economist
Jeff Rubin warns in a forecast published Wednesday.
“We haven’t seen a 6% CPI inflation rate posted in
the U.S. since 1990 and even then only briefly for four months,” wrote
Rubin. “You’ve got to go back to 1982, in the midst of the stagflation
that followed the second OPEC oil shock, to see …”
Friday’s Events: U.S. Durable Goods, U of M Consumer Sentiment, New Home Sales
Friday’s highlights include the release of U.S. durable goods and
new home sales for June along with a final look at
consumer sentiment for the United States. There are no major scheduled
macroeconomic releases or events for Canada.
At 8:30 a.m. EDT, the U.S. Commerce Department will release
durable goods orders for June. Economists expect a 0.3%
month-over-month decline…
Soaring U.S. Jobless Claims Viewed as Reliable Indicator of Weak Labour Market
Initial claims for unemployment benefits in the
United States soared to 406k in the week ending July 19, the highest
level since March, according to the Department of Labor on Thursday.
Economists said July data has been volatile, but the latest data is a
reliable indicator of weakness in the jobs market.