NEW YORK - Moderating inflation, a cooling jobs market, and a deteriorating outlook for consumer spending mean the Fed may need to cut interest rates more than the market expects. "We have modest growth and cooling inflation and a cooling labour market — exactly what the Fed wants to see," ING's chief international economist, James Knightley,
ANN ARBOR - University of Michigan economists expect a rebound in economic activity, falling unemployment and life returning to “close-to-normal” by the end of next year in the United States as the nation and world recover from the pandemic. Gabriel Ehrlich Still, the researchers say, the ride out of the COVID-19-induced recession affords them far
LANSING - The Michigan and U.S. economies should continue growing over the next two years, but that growth will be slower as the economy tries to deal with near full-employment situation and demographic changes as more Baby Boomers retire and more millennials go into the jobs market, economists said Wednesday at the May Revenue Estimating
DETROIT - Even though Comerica’s Economic Activity index this week reported a decline from the month before, the Southeast Michigan Purchasing Managers Index released Friday rose to its highest value in six months. The Index spiked 7.1 points to 59.1 in March 2016, recovering from last month’s drop. The three-month average rose modestly from 54.6
FLINT - Two economists from the Detroit branch of the Federal Reserve Bank of Chicago will present an economic forecast for 2016 Feb. 3 at the Baker College of Flint Center for Business. The event is free and open to the public; registration is not required. The Fed presenters, Paul Traub, senior business economist, and
