Even as the economy shows positive trends like slowing inflation and a healthy labor market, the bond market is showing anxiety. … READ MORE >
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. … READ MORE >
Fed survey of loan officers shows rising impact of higher interest rates
The Federal Reserve’s latest survey of bank lending officers confirms that the dampening effect of monetary-policy tightening on borrowing and lending continued in the second quarter. … READ MORE >
RSM US Manufacturing Outlook Index: A continued decline in July
The RSM US Manufacturing Outlook Index slipped back to 1.8 standard deviations below normal, the 15th consecutive month of negative values. … READ MORE >
RSM US Financial Conditions Index moving toward neutral
With the money market at normal levels of risk, and with surging equities balancing out the caution displayed in the bond market, our composite financial conditions market is fast approaching neutral. … READ MORE >
Where are we going to find the workers? A look at child care and the workforce
As the American economy contends with a chronic shortage of workers, there is a solution: Women in their prime working years. But that will require accessible and affordable child care. … READ MORE >
Resilience defined as American economy continues to defy expectations
Driven by the household consumption, the American economy expanded at a 2.4% seasonally adjusted annualized rate. … READ MORE >
FOMC policy decision: The time for an end to rate hikes has arrived
With the policy rate standing above two closely watched measures of inflation, it is now time for the Federal Reserve to allow the economy an extended period to absorb the impact of past rate hikes. … READ MORE >
Surging manufacturing construction: Industrial policy and U.S. semiconductors
A confluence of events triggered by supply chain disruptions, global security tensions and a changing political landscape has resulted in a boom in manufacturing construction. Call it the return of industrial policy. … READ MORE >
U.S. second-half economic outlook: Muddling through
A rapid decline in inflation amid robust hiring and an unemployment rate that stands at 3.6% despite a steep rise in interest rates underscore a resilient American economy that refuses to go gently into that good night. … READ MORE >