May 28, 2024
Volume 201 According to provisional PMI survey data from S&P Global, the U.S. economy gained speed in May. The service sector led the upturn, reporting the largest output rise for a year, but manufacturing also showed stronger growth.The headline S&P Global...
May 20, 2024
VOLUME 200 In April, consumer prices increased by 0.3%, driven primarily by higher oil prices and housing costs, though this was below the 0.4% increase economists had anticipated. The core inflation rate, which excludes food and energy, also rose by 0.3%—the smallest...
May 16, 2024
In spite of current capital markets headwinds, long-term demand drivers for the life sciences industry are strong. Per capita expenditures on pharmaceuticals have been trending upward for decades, and dozens of countries are now spending more than 1% of GDP on these...
Mar 25, 2024
The Fed kept its policy rate steady in a range of 5.25%-5.5% and made no major changes to its policy statement. The committee also maintained its forecast for three rate cuts this year. Beneath the surface, though, several important messages emerged from the press...
Mar 4, 2024
Based on the Federal Reserve’s preferred PCE gauge, inflation rose in January at the fastest pace in four months, in a sign that price pressures might not return to low prepandemic levels as quickly as hoped. The PCE index rose 0.3% last month. Meanwhile,...
