{"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":"2026-09-23T20:39:34","modified_gmt":"2026-09-23T20:39:34","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-a007fe3e-2ec2-40a0-b121-9cbf943b1767\" 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\t\t\t\t\t<div\n\t\t\t\t\tclass=\"search-cta hide-on-desktop 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:250px;\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: 52% 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-a007fe3e-2ec2-40a0-b121-9cbf943b1767\" 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=\"September jobs report: Softer headlines, sturdy foundations\"\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\/september-jobs-report-softer-headlines-sturdy-foundations\/\">\n\t\t\t\tSeptember jobs report: Softer headlines, sturdy foundations\t\t\t<\/a>\n\t\t<\/h4>\n\n\t\t\t\t\t<p class=\"post-date\">October 2, 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=\"Watch out for rising consumer credit utilization\"\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\/watch-out-for-rising-consumer-credit-utilization\/\">\n\t\t\t\tWatch out for rising consumer credit utilization\t\t\t<\/a>\n\t\t<\/h4>\n\n\t\t\t\t\t<p class=\"post-date\">October 2, 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\/Horizontal-Thumbnail.png\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/09\/English-version-Horizontal_3.mp4\" data-dig-id=\"LP-38-38852dbd\" data-dig-category=\"LP\" data-dig-action=\"video play\" data-dig-label=\"English-version-Horizontal_3.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-three-developments-to-keep-an-eye-on-in-the-u-s-economy\" 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\/us-analysis\/us-featured-analysis\/september-executive-briefing-what-to-watch-in-the-final-quarter-of-2026\/\" target=\"_blank\" rel=\"noreferrer noopener\" data-dig-id=\"LP-38-81183a49\" data-dig-label=\"Five themes for the US economy in 2026\" data-dig-action=\"link click\" data-dig-category=\"LP\" class=\"rbc-link-format\">Three developments to keep an eye on in the U.S. economy<\/a><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Inflation, jobs and the Federal Reserve have been making headlines in the U.S. this month. But, we have our eye on three other drivers in the U.S. economy to pay attention to heading into 2027. RBC Economics\u2019 Frances Donald explains.\u00a0<\/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 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-15319\" class=\"carousel-item col-4 resources-by-category-card post-15319 post type-post status-publish format-standard has-post-thumbnail hentry category-us-featured-analysis category-us-analysis\">\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\/pce-deflator-update-a-retroactive-revision-not-a-disinflationary-signal\/\">\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-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\">PCE deflator update: A retroactive revision, not a disinflationary signal<\/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 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-15246\" class=\"carousel-item col-4 resources-by-category-card post-15246 post type-post status-publish format-standard has-post-thumbnail hentry category-us-featured-analysis category-us-analysis tag-economy 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-featured-analysis\/understanding-pce-deflators-a-primer-on-the-feds-preferred-inflation-measure\/\">\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\">Understanding PCE deflators: The Fed&#8217;s preferred measure of 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\">September 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-15196\" class=\"carousel-item col-4 resources-by-category-card post-15196 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-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\/september-executive-briefing-what-to-watch-in-the-final-quarter-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\">September Executive Briefing: What to watch in the final quarter 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\">September 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-15143\" class=\"carousel-item col-4 resources-by-category-card post-15143 post type-post status-publish format-standard has-post-thumbnail hentry category-us-featured-analysis category-us-analysis tag-economy tag-housing 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\/how-much-housing-demand-in-the-us-still-lives-at-home\/\">\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-Housing-Affordability-Canada.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\">How much housing demand in the US still lives at home?<\/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 22, 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-15108\" class=\"carousel-item col-4 resources-by-category-card post-15108 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\/how-to-monitor-the-persistent-tightness-in-the-us-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\/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\">How to monitor the persistent tightness in the US 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\">September 21, 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-14995\" class=\"carousel-item col-4 resources-by-category-card post-14995 post type-post status-publish format-standard has-post-thumbnail hentry category-us-featured-analysis category-us-analysis tag-economy tag-fed 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\/fomc-recap-tightening-into-an-inflationary-supply-shock\/\">\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-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\">FOMC recap: Tightening into an inflationary supply shock<\/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 16, 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-15472\" class=\"carousel-item col-4 resources-by-category-card post-15472 post type-post status-publish format-standard has-post-thumbnail hentry category-us-data-flashes category-us-analysis 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\/september-jobs-report-softer-headlines-sturdy-foundations\/\">\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\">September jobs report: Softer headlines, sturdy foundations<\/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\">October 2, 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-14629\" class=\"carousel-item col-4 resources-by-category-card post-14629 post type-post status-publish format-standard has-post-thumbnail hentry category-us-data-flashes category-us-analysis tag-economy 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-august-cpi-inflation-is-moving-in-the-wrong-direction\/\">\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 August CPI: Inflation Is Moving in the Wrong Direction<\/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 11, 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-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<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\n\t\t<\/div>\n<\/section>\n\n\n\n<div class=\"wp-block-group is-layout-constrained 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