US Rapid Response Producer Prices (Dec. 2024) On the surface, the weaker than expected 0.2% m/m increase in final demand PPI and unchanged level of core final demand PPI in December seems encouraging, but they mask some price jumps in a few of... 14th January 2025 · 1 min read
Commodities Update Sanctions boost oil prices, but impact will fade away The recent ramp-up in US sanctions on Russia’s oil supply chain has tightened the global oil market and may keep prices higher in the near term. But we still expect greater OPEC+ supply and weak... 14th January 2025 · 3 mins read
Commodities Update US oil firms’ post-election optimism will be short-lived We doubt that US oil & gas firms’ optimism following Donald Trump’s election victory will translate into stronger growth in output as recent productivity gains falter and oil prices fall later this... 14th January 2025 · 3 mins read
Capital Daily We think US stocks will rebound with big tech in the lead We think the recent falls in US equities will unwind before long, with growth and cyclical stocks leading the charge. 13th January 2025 · 4 mins read
US Commercial Property Update Fires in LA highlight rising climate-related risk to CRE While commercial real estate insurance premiums remain elevated, their growth dropped back substantially last year. But as the West and Gulf coasts still face the greatest threat from climate risks... 13th January 2025 · 3 mins read
US Economics Update Debt ceiling drama begins to brew Raising the federal debt ceiling this year will likely come as part of a budget reconciliation package alongside concessionary spending cuts given the razor-thin Republican majority in the House. As... 13th January 2025 · 4 mins read
Event Drop-In: US Commercial Real Estate in 2025 – How much pain, how much gain? 1737558000 After the market bottomed last year, where will the opportunities and risks lie in US commercial real estate in 2025?
Canada Economics Weekly Trudeau and Trump share their truths The power vacuum created by Prime Minister Justin Trudeau’s resignation comes at a bad time, with President-elect Donald Trump ratcheting up his threats against Canada, raising the risk that the next... 10th January 2025 · 5 mins read
US Economics Weekly Still waiting for clarity on the Trump agenda More than two months after Donald Trump and the Republicans completed a narrow clean sweep in last November’s election, and with only 10 days until the inauguration, there is still massive uncertainty... 10th January 2025 · 8 mins read
US Rapid Response Uni. Of Michigan Consumer Sentiment (Jan. 2025) The drop in the expectations index of the University of Michigan Consumer Sentiment Survey in January and the accompanying jump in inflation expectations suggest that consumers are becoming more... 10th January 2025 · 2 mins read
US Rapid Response Employment Report (Dec. 2024) The larger-than-expected 256,000 gain in non-farm payrolls in December and drop back in the unemployment rate to 4.1% supports the Fed’s decision to slow the pace of rate cuts and has heightened... 10th January 2025 · 2 mins read
Canada Rapid Response Labour Force Survey (Dec. 2024) The huge gain in employment in December supports our view that labour market conditions are strengthening, despite the recent upward trend in the unemployment rate. While weakness in private sector... 10th January 2025 · 3 mins read
Climate Economics Update Trump’s word on climate is not the be-all and end-all Whilst Donald Trump is threatening to slam the brakes on the green transition in the US, state-level officials have the tools to continue making progress on the climate front. This Update uses our... 9th January 2025 · 4 mins read
Event US Drop-In: Inauguration Day special – Knowns and unknowns around Trump’s second term 1737471600 As the president-elect again prepares to take office, our US team held a special briefing to walk clients through what to expect in the opening phase of the second Trump admin
Global Commercial Property Chart Pack Global Commercial Property Chartpack (Q4 2024) 2024 likely marked the bottom in all-property values in Europe, but we expect further falls in the US in 2025. That said, US performance should improve further ahead, outpacing the euro-zone over the... 9th January 2025 · 1 min read
Canada Economics Focus Trump, Tariffs, and the 51st State Donald Trump’s increasingly aggressive rhetoric against Canada suggests we should take his tariff threats seriously. We already assume that Trump includes Canada in a likely 10% universal import... 9th January 2025 · 19 mins read
