American consumers are becoming more frugal this holiday season.
Both supply and demand of workers will prevent a surge in unemployment rates.
The Canadian economy is buckling under the weight of higher interest rates, household debt and immigration.
Food prices illustrate several challenges of containing inflation.
The potency of monetary policy will weigh more heavily on activity in 2024.
The Northern Trust Economics team shares its outlook for U.S. growth, employment, interest rates and inflation.
Companies are rethinking office space.
Housing markets are cooling but unlikely to end in a bust.
Financial flows have shifted this year. In the credit arena, bank lending has been moribund throughout the year, as standards tightened and interest rates rose. But borrowers still need capital, and private lenders are increasingly meeting their needs.
The banking system has stabilized, but latent threats remain.
Households are better off today than before the pandemic.
Forecasting economic outcomes is a challenging exercise, even under steady conditions. Geopolitical events have only added to the complexity facing economies worldwide.
The longer the U.S. debt is left to grow, the harder it will be to correct.
The U.S. economy’s remarkable resilience is complicating the lives of investors and the Federal Reserve. Despite war-disrupted commodity markets and one of the most aggressive monetary tightening phases in modern history, economic activity has remained strong.
Higher long-term bond yields will allow the Fed to do less on short rates.
Women are still underrepresented among economics majors and in a range of professions.
Reverting to old fiscal rules will create a strong economic headwind for Europe.
Older workers can still be a source of relief for tight labor markets.
New bank rules will raise borrowing costs and weigh on economic activity.
The BoE will have to do more to bring inflation back down to target.
India will need to think beyond physical assets to continue its growth.
Resurgent energy prices could contribute to higher for longer monetary policy.
The strike comes at an inflection point for automotive production.
Evidence of China's slowdown is appearing in unexpected places.
The Northern Trust Economics team shares its outlook for major markets in the months ahead.
The FOMC will make some close calls and tough decisions.
Measuring, anticipating and controlling the cost of healthcare are all difficult.
Higher yields on cash have allowed some de-risking.
A hard landing in China would rattle Asian economies.
Restricting the money supply will help contain inflation.
Credit balances are not the only consumer indicator running high.
The Fed's asset portfolio is on an uncharted course.
Volatile rates are adding to the cost of residential debt.
Disrupted global trade is weighing on Germany's performance.
Holding expectations low will help the battle against high prices.
Workers are finding a fresh enthusiasm for organizing.
Supply chains are realigning, to China's dismay.
Better productivity is easing employers' burden of higher wages.
Return to office mandates are growing, but workers are hesitant to give up flexibility.
Young workers are struggling to find jobs, despite labor shortages.
Geopolitics is driving new interest in industrial policy.
Public and private projects are fueling a new building boom.
The common currency has not led to common outcomes.
The nation's complex and contentious fiscal processes are deemed a credit risk.
The outlook for the British economy is sub-par.
How will we tell if the mythical soft landing is happening?