{"id":38,"date":"2025-09-22T10:22:03","date_gmt":"2025-09-22T10:22:03","guid":{"rendered":"https:\/\/www.rbc.com\/en\/economics\/?page_id=38"},"modified":"2026-09-10T14:58:43","modified_gmt":"2026-09-10T14:58:43","slug":"us-analysis","status":"publish","type":"page","link":"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/","title":{"rendered":"U.S. Analysis"},"content":{"rendered":"\n\t\t<div class=\"align-content-desktop-center align-content-mobile-center search-cta wp-block-rbc-rbc-cover\">\n\t\t\t\t\t\t\t<div\n\t\t\t\t\tclass=\"search-cta hide-on-mobile cover-background-image-container\"\n\t\t\t\t\trole=\"img\"\n\t\t\t\t\taria-label=\"\"\n\t\t\t\t\tstyle=\"min-height:200px;\n\t\t\t\t\t\tbackground-image: url(https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/04\/RBC-Economics-Main-Page-Hero-block.png?quality=80);\n\t\t\t\t\t\tbackground-position: 50% 83%;\n\t\t\t\t\t\tbackground-size: cover;\n\t\t\t\t\t\tbackground-repeat: no-repeat;\"\n\t\t\t\t\tloading=\"lazy\"\n\t\t\t\t>\n\t\t\t\t\t\n<div class=\"wp-block-rbc-cover__inner-container\">\n<div class=\"wp-block-group is-layout-constrained wp-container-core-group-is-layout-5e240d11 wp-block-group-is-layout-constrained\">\n<h4 class=\"wp-block-heading has-text-align-center mar-t-0 mar-b-0 mob-mar-b-0 has-white-color has-text-color has-link-color wp-elements-1\" id=\"h-data-driven-in-depth-analysis-and-unique-insights\">Data-driven, in-depth analysis and unique insights<\/h4>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-384404cc-73a6-4984-b260-66e9d385bb60\" aria-hidden=\"true\"><\/div>\n\t\n\n\n\n<form method=\"get\" action=\"https:\/\/www.rbc.com\/en\/economics\/\"><label class=\"wp-block-search__label screen-reader-text\" for=\"wp-block-search__input-1\">Search<\/label><div class=\"wp-block-search__inside-wrapper\" style=\"width: 100%\"><input class=\"wp-block-search__input has-text-sm-font-size\" id=\"wp-block-search__input-1\" placeholder=\"Search over 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100%;\n\t\t\t\t\t\tbackground-size: cover;\n\t\t\t\t\t\tbackground-repeat: no-repeat;\"\n\t\t\t\t\tloading=\"lazy\"\n\t\t\t\t>\n\t\t\t\t\t\n<div class=\"wp-block-rbc-cover__inner-container\">\n<div class=\"wp-block-group is-layout-constrained wp-container-core-group-is-layout-5e240d11 wp-block-group-is-layout-constrained\">\n<h4 class=\"wp-block-heading has-text-align-center mar-t-0 mar-b-0 mob-mar-b-0 has-white-color has-text-color has-link-color wp-elements-1\" id=\"h-data-driven-in-depth-analysis-and-unique-insights\">Data-driven, in-depth analysis and unique insights<\/h4>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-384404cc-73a6-4984-b260-66e9d385bb60\" aria-hidden=\"true\"><\/div>\n\t\n\n\n\n<form method=\"get\" action=\"https:\/\/www.rbc.com\/en\/economics\/\"><label class=\"wp-block-search__label screen-reader-text\" for=\"wp-block-search__input-1\">Search<\/label><div class=\"wp-block-search__inside-wrapper\" style=\"width: 100%\"><input class=\"wp-block-search__input has-text-sm-font-size\" id=\"wp-block-search__input-1\" placeholder=\"Search over 700 articles\" value=\"\" type=\"search\" name=\"s\" \/><button aria-label=\"Search\" class=\"wp-block-search__button has-background has-rbc-bright-blue-tint-1-background-color has-text-sm-font-size has-icon wp-element-button\" type=\"submit\"><svg viewbox=\"0 0 24 24\" width=\"24\" height=\"24\">\n\t\t\t\t\t<path d=\"M13 5c-3.3 0-6 2.7-6 6 0 1.4.5 2.7 1.3 3.7l-3.8 3.8 1.1 1.1 3.8-3.8c1 .8 2.3 1.3 3.7 1.3 3.3 0 6-2.7 6-6S16.3 5 13 5zm0 10.5c-2.5 0-4.5-2-4.5-4.5s2-4.5 4.5-4.5 4.5 2 4.5 4.5-2 4.5-4.5 4.5z\"><\/path>\n\t\t\t\t<\/svg><\/button><\/div><\/form><\/div>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\n\n\n\n\n<div class=\"wp-block-group alignfull pad-t-dbl mob-pad-t-dbl pad-b-dbl mob-pad-b-dbl pad-l-0 mob-pad-l-0 pad-r-0 mob-pad-r-0 has-background is-layout-constrained wp-block-group-is-layout-constrained\" style=\"background-color:#f3f4f5\">\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<div class=\"wp-block-columns mar-b-0 mob-mar-b-0 is-layout-flex wp-container-core-columns-is-layout-9700ed09 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h3 id=\"h-latest-insights\" class=\"wp-block-heading mar-b-hlf mob-mar-b-hlf\">Latest Insights<\/h3>\n\n\n\t\t<div class=\"wp-block-rbc-rbccom-latest-posts one-column is-style-type-4\">\n\t\t\t\n\t\t\t\n<article class=\"post-card thought-leadership-template\">\n\t\t\t<div class=\"post-image\">\n\t\t\t<img\n\t\t\t\tsrc=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/06\/RBC-Economics-Jobs-Labour-market-1.webp?quality=80&#038;w=1024\"\n\t\t\t\talt=\"August US employment report: Show me the weakness \u2013 I don\u2019t see any\"\n\t\t\t\/>\n\t\t<\/div>\n\t\t<div class=\"post-content\">\n\t\t<h4 class=\"post-title\">\n\t\t\t<a href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-data-flashes\/august-us-employment-report-show-me-the-weakness-i-dont-see-any\/\">\n\t\t\t\tAugust US employment report: Show me the weakness \u2013 I don\u2019t see any\t\t\t<\/a>\n\t\t<\/h4>\n\n\t\t\t\t\t<p class=\"post-date\">September 4, 2026<\/p>\n\t\t\t\n\t<\/div>\n<\/article>\n\t\t<\/div>\n\t\t<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h3 id=\"h-u-s-week-ahead\" class=\"wp-block-heading mar-b-hlf mob-mar-b-hlf\"><a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/us-week-ahead\/\" target=\"_blank\" data-dig-id=\"LP-38-a5383954\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"U.S. Week Ahead\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">U.S. Week Ahead<\/a><\/h3>\n\n\n\t\t<div class=\"wp-block-rbc-rbccom-latest-posts one-column is-style-type-4\">\n\t\t\t\n\t\t\t\n<article class=\"post-card thought-leadership-template\">\n\t\t\t<div class=\"post-image\">\n\t\t\t<img\n\t\t\t\tsrc=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/06\/RBC-Economics-Forward-Guidance.webp?quality=80&#038;w=1024\"\n\t\t\t\talt=\"CPI can make or break the Fed\u2019s holding pattern\"\n\t\t\t\/>\n\t\t<\/div>\n\t\t<div class=\"post-content\">\n\t\t<h4 class=\"post-title\">\n\t\t\t<a href=\"https:\/\/www.rbc.com\/en\/economics\/us-week-ahead\/cpi-can-make-or-break-the-feds-holding-pattern\/\">\n\t\t\t\tCPI can make or break the Fed\u2019s holding pattern\t\t\t<\/a>\n\t\t<\/h4>\n\n\t\t\t\t\t<p class=\"post-date\">September 4, 2026<\/p>\n\t\t\t\n\t<\/div>\n<\/article>\n\t\t<\/div>\n\t\t<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel pad-t mob-pad-t\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 id=\"h-featured-video\" class=\"wp-block-heading mar-b-hlf mob-mar-b-hlf\">Featured Video<\/h2>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9ba6dbca wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"video-wpr\"><video class=\"video-player video-js\" poster=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/09\/Thumbnail-with-RBC-logo-1.png\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/09\/Frances_FED_Draft_2.mp4\" data-dig-id=\"LP-38-80b46865\" data-dig-category=\"LP\" data-dig-action=\"video play\" data-dig-label=\"Frances_FED_Draft_2.mp4\"><p class=\"vjs-no-js\">To view this video please enable JavaScript, and consider upgrading to a web browser that <a href=\"http:\/\/videojs.com\/html5-video-support\/\" target=\"_blank\" rel=\"noopener\">supports HTML5 video<\/a><\/p><track kind=\"captions\" src=\"\" srclang=\"en\" label=\"English\" \/><\/video><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column pad-t mob-pad-t pad-b mob-pad-b pad-l mob-pad-l pad-r mob-pad-r has-background is-layout-flow wp-block-column-is-layout-flow\" style=\"background-color:#f3f7f8\">\n<h4 id=\"h-what-the-fed-s-decision-on-interest-rates-tells-us-about-challenges-ahead\" class=\"wp-block-heading mar-b-hlf mob-mar-b-hlf has-rbc-bright-blue-tint-1-color has-text-color has-link-color wp-elements-7\"><br><a href=\"https:\/\/www.rbc.com\/en\/economics\/video\/what-the-feds-decision-on-interest-rates-tells-us-about-challenges-ahead\/\" target=\"_blank\" data-dig-id=\"LP-38-81183a49\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Five themes for the US economy in 2026\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">What the Fed\u2019s decision on interest rates tells us about challenges ahead<\/a><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Whether the Federal Reserve hikes or holds interest rates next week isn\u2019t the only thing we\u2019re watching. We have our eye on what happens when inflation in the U.S. and around the world can\u2019t be slowed from rate hikes, because it\u2019s not coming from interest rate-sensitive or demand-led sources. RBC Economics\u2019 Frances Donald explains this big challenge facing central banks and our economies.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<h2 id=\"h-featured-analysis\" class=\"wp-block-heading mob-mar-b-hlf mar-b-hlf mar-t-dbl mob-mar-t\"><a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/us-analysis\/us-featured-analysis\/\" target=\"_blank\" data-dig-id=\"LP-38-76f02de7\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Featured Analysis\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Featured Analysis<\/a><\/h2>\n\n\n\n\t\t<div class=\"mar-b mob-mar-b-hlf wp-block-rbc-resources-by-category\">\n\t\t\t<div class=\"carousel-wpr top-controls rbc-resources-by-category-slider\" role=\"region\" aria-label=\"Carousel with 6slides\" data-per-page=6 data-visible-slide=\"3\" data-infinite-loop=\"true\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"carousel-ctrl display-ctrl\">\n\t\t\t\t\t\t\t<div class=\"carousel-indicators\">\n\t\t\t\t\t\t\t\t<ul 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resources-by-category-card post-14229 post type-post status-publish format-standard has-post-thumbnail hentry category-canadian-analysis category-featured-analysis category-us-featured-analysis category-insights category-us-analysis\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/new-developments-in-u-s-canada-trade-war-the-impact-on-both-economies\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/06\/RBC-Economics.webp?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">New developments in U.S.-Canada trade war: The impact on both economies<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">August 27, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-13319\" class=\"carousel-item col-4 resources-by-category-card post-13319 post type-post status-publish format-standard has-post-thumbnail hentry category-us-featured-analysis category-us-analysis tag-economy tag-gdp tag-labour-market tag-tariffs tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-featured-analysis\/a-new-tariff-proposal-with-the-same-effective-tariff-rate\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/06\/Generic-Compressed.png?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">A new tariff proposal with the same effective tariff rate<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">July 24, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-13192\" class=\"carousel-item col-4 resources-by-category-card post-13192 post type-post status-publish format-standard has-post-thumbnail hentry category-us-featured-analysis category-us-analysis tag-economy tag-gdp tag-inflation tag-jobs tag-labour-market tag-tariffs tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-featured-analysis\/july-executive-briefing-three-risks-facing-the-us-in-the-second-half-of-2026\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/06\/RBC-Economics-U.S.-Monthly-Executive-Briefing.webp?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">July Executive Briefing: Three risks facing the US in the second half of 2026<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">July 23, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-12170\" class=\"carousel-item col-4 resources-by-category-card post-12170 post type-post status-publish format-standard has-post-thumbnail hentry category-us-featured-analysis category-us-analysis tag-economy tag-gdp tag-inflation tag-labour-market tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-featured-analysis\/june-monthly-exec-briefing-us-consumer-bruised-by-persistent-inflation\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/06\/RBC-Economics-U.S.-Monthly-Executive-Briefing.webp?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">June Monthly Exec Briefing: US consumer bruised by persistent inflation<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">June 24, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-11327\" class=\"carousel-item col-4 resources-by-category-card post-11327 post type-post status-publish format-standard has-post-thumbnail hentry category-us-featured-analysis category-us-analysis tag-economy tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-featured-analysis\/the-us-producer-price-index-an-early-warning-system-for-inflation\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/06\/Generic-Compressed.png?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">The US Producer Price Index: An early warning system for inflation<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">June 4, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-11165\" class=\"carousel-item col-4 resources-by-category-card post-11165 post type-post status-publish format-standard has-post-thumbnail hentry category-us-featured-analysis category-us-analysis tag-economy tag-labour-market tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-featured-analysis\/frozen-job-ladder-the-entry-level-employment-conundrum-in-the-us\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/09\/Employment2-banner-compressed.png?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">Frozen job ladder: The entry-level employment conundrum in the US<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">May 29, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\n\t\t\n\n\n<h2 id=\"h-data-flashes\" class=\"wp-block-heading mob-mar-b-hlf mar-b-hlf mar-t-dbl mob-mar-t\"><a href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-data-flashes\/\" target=\"_blank\" data-dig-id=\"LP-38-c94f8b8d\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Data Flashes\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Data Flashes<\/a><\/h2>\n\n\n\n\t\t<div class=\"mar-b mob-mar-b-hlf wp-block-rbc-resources-by-category\">\n\t\t\t<div class=\"carousel-wpr top-controls rbc-resources-by-category-slider\" role=\"region\" aria-label=\"Carousel with 6slides\" data-per-page=6 data-visible-slide=\"3\" data-infinite-loop=\"true\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"carousel-ctrl display-ctrl\">\n\t\t\t\t\t\t\t<div class=\"carousel-indicators\">\n\t\t\t\t\t\t\t\t<ul class=\"slick-dots\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"slick-active\"><button type=\"button\"><\/button><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"\"><button type=\"button\"><\/button><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"\"><button type=\"button\"><\/button><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"\"><button type=\"button\"><\/button><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"\"><button type=\"button\"><\/button><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"\"><button type=\"button\"><\/button><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<button class=\"carousel-prev slick-arrow\"><\/button>\n\t\t\t\t\t\t\t<button class=\"carousel-next slick-arrow\"><\/button>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"col-wpr carousel-inner slick-initialized\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-14463\" class=\"carousel-item col-4 resources-by-category-card post-14463 post type-post status-publish format-standard has-post-thumbnail hentry category-us-data-flashes category-us-analysis tag-economy tag-jobs tag-labour-market tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-data-flashes\/august-us-employment-report-show-me-the-weakness-i-dont-see-any\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/06\/RBC-Economics-Jobs-Labour-market-1.webp?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">August US employment report: Show me the weakness \u2013 I don\u2019t see any<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">September 4, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-13710\" class=\"carousel-item col-4 resources-by-category-card post-13710 post type-post status-publish format-standard has-post-thumbnail hentry category-us-data-flashes category-us-analysis tag-economy tag-fed tag-inflation tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-data-flashes\/us-july-cpi-reassuring-on-the-surface-yellow-flags-beneath\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/08\/inf-US.webp?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">US July CPI: Reassuring on the surface, yellow flags beneath<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">August 12, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-13623\" class=\"carousel-item col-4 resources-by-category-card post-13623 post type-post status-publish format-standard has-post-thumbnail hentry category-us-data-flashes category-us-analysis tag-economy tag-jobs tag-labour-market tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-data-flashes\/us-jobs-july-nfp-downside-does-not-change-our-narrative-of-a-tight-labor-market\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/08\/RBC-Economics-Jobs-Labour-market-1.webp?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">US Jobs: July NFP downside does not change our narrative of a tight labor market<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">August 7, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-12956\" class=\"carousel-item col-4 resources-by-category-card post-12956 post type-post status-publish format-standard has-post-thumbnail hentry category-us-data-flashes category-us-analysis tag-economy tag-gdp tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-data-flashes\/us-q2-gdp-pillars-of-strength-hold-up-as-distortions-detract-from-growth\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/04\/GDP-US.png?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">US Q2 GDP: Pillars of strength hold up as distortions detract from growth<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">July 30, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-12947\" class=\"carousel-item col-4 resources-by-category-card post-12947 post type-post status-publish format-standard has-post-thumbnail hentry category-us-data-flashes category-us-analysis tag-economy tag-fed tag-inflation tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-data-flashes\/fed-remains-on-pause-despite-rising-uncertainty\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/07\/US-compressed-1.webp?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">FOMC Recap: Fed remains on pause despite rising uncertainty<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">July 29, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-12896\" class=\"carousel-item col-4 resources-by-category-card post-12896 post type-post status-publish format-standard has-post-thumbnail hentry category-us-data-flashes category-us-analysis tag-economy tag-jobs tag-labour-market tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-data-flashes\/us-cpi-one-month-buys-the-fed-time-but-it-doesnt-buy-a-trend\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/04\/inf-US.png?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">US CPI: One month buys the Fed time but it doesn\u2019t buy a trend<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">July 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