The Federal Reserve signaled at its meeting on Wednesday that it is done raising its policy rate and is poised to reduce it by 75 basis points next year to support the expanding economy.
Major regulatory change is on the horizon for financial institutions, including new liquidity and capital requirement rules.
A resilient American economy continued to defy expectations by growing at a 4.9% pace in the third quarter because of one-time factors inside the consumption channel and because of sustained gains in U.S. labor dynamics and modest real income gains.
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.
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.
From IT architecture to ESG issues, digital transformation is central to each of the key manufacturing trends RSM has identified.
The Federal Reserve increased its policy rate by 75 basis points on Wednesday to a range between 3.75% and 4% as it hinted at slowing the pace of its hikes.
There were 1.56 million new housing starts in June on an annualized basis, a 2.0% decline from May and the lowest level since last September.
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.
The omicron variant and rising prices have taken a toll on overall economic activity and consumer confidence over the past three months.
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.
Expanding cybersecurity threats present family offices with challenges. See how the problems intensified with the shift to remote work.
Economic momentum underpins positive global equity returns causing gyrations in interest rates, hampering fixed income returns.