The mixed signals from Thursday's data on initial jobless claims and existing home sales added to an economic picture that resembles a soft landing.
The 187,000 net change in total employment and a 3.5% unemployment rate in July show cooling demand by firms as the economy grows near its 1.8% long-term trend.
The surge in inventories raises the risk that firms will be caught with excess supplies just as demand begins to slow down this year.
Many economists are predicting that the US economy will experience a downturn, if not a recession, in 2023. A downturn can lead to job loss, reduced income, and financial insecurity. While it's impossible to predict the future with certainty, there are steps you can take to protect your finances during a downturn.
We expect the Fed to raise its policy rate above 5% in the near term while at the same time reducing its balance sheet by $95 billion per month.
A recession can be challenging for any business. However, business owners can take steps to prepare for a recession and position their companies for growth as the economy recovers. In this video, we'll provide six tips to help you and your business prepare for a recession.
The RSM US Manufacturing Outlook Index declined into negative terrain in May, signaling the impact of high inflation, rising interest rates, the lockdowns in China and the war in Ukraine.
Growth in the first three months of the year contracted at 1.4% pace as Americans turned to imports to meet torrid demand that is simply unsustainable.
pending home sales fell 1.2% in March, declining for the fifth month in a row, as demand continued to slow due to high prices and rising mortgage rates.
Domestic industrial production increased by 0.9% in March, beating market forecasts despite global supply chain disruptions of key materials.
The omicron variant and rising prices have taken a toll on overall economic activity and consumer confidence over the past three months.
Senate Finance Committee Build Back Better language largely leaves House Bill unchanged. SALT language omitted as well as billionaires' tax.
Nearly two years into the pandemic, there are signs that the worst of a once-in-a-century shock to the global economy is beginning to fade.
Fragile global supply chains are facing another round of port closures, factory shutdowns, production halts and labor shortages.
Economic momentum underpins positive global equity returns causing gyrations in interest rates, hampering fixed income returns.
RSM today announced results of the May 2021 reading for its RSM US Middle Market Business Index (MMBI).