Falling jobless claims, existing home sales offer mixed economic picture
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.
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U.S. July jobs report: Gradual and orderly cooling in the labor market
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.
U.S. inventories are growing at twice the rate of sales
The surge in inventories raises the risk that firms will be caught with excess supplies just as demand begins to slow down this year.
Protecting Your Finances During an Economic Downturn
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.
How high will interest rates go?
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.
Preparing Your Business for a Recession
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.
RSM US Manufacturing Outlook Index shows 35% probability of recession over next year
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.
U.S. GDP declines by 1.4%: This is what an overheating economy looks like
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 back to pre-pandemic level amid rising rates
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.
Chart of the day: Industrial production hits record in March
Domestic industrial production increased by 0.9% in March, beating market forecasts despite global supply chain disruptions of key materials.
RSM US Middle Market Business Index
The omicron variant and rising prices have taken a toll on overall economic activity and consumer confidence over the past three months.
Senate Finance releases Build Back Better text
Senate Finance Committee Build Back Better language largely leaves House Bill unchanged. SALT language omitted as well as billionaires' tax.
The Real Economy: December 2021
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.
The ripple effect of supply shortages
Fragile global supply chains are facing another round of port closures, factory shutdowns, production halts and labor shortages.
2021 Mid-Year Outlook
Economic momentum underpins positive global equity returns causing gyrations in interest rates, hampering fixed income returns.
RSM US Middle Market Business Index Eases Slightly in May but Overall Remains Strong as the Economy Continues to Reopen
RSM today announced results of the May 2021 reading for its RSM US Middle Market Business Index (MMBI).