Based on the relationship between retail gasoline costs and wholesale gasoline prices, that cost for consumers is likely to decline in the near term. … READ MORE >
What the global coordinated release of petroleum reserves means
The politics and policy of global inflation will begin to shape markets as major global economies push back in direct and indirect ways on the surging price of oil. … READ MORE >
Powell reappointed to lead the Fed, with Brainard elevated to vice chairwoman
The Biden administration’s widely expected reappointment of Jerome Powell as chairman of the Federal Reserve on Monday is a strong step toward providing stability and clarity for financial markets at a time when the central bank is under pressure to accelerate efforts to address inflation. … READ MORE >
RSM US Financial Conditions Index: Setting the stage for sustained growth
In its current reading, the RSM US Financial Conditions Index indicates a level of accommodation that is more than 1.4 standard deviations above normal. … READ MORE >
Looking ahead to 2022 and what to expect in the economy
As the economy approaches a full reopening, we expect that growth in 2022 will exceed 4%, the unemployment rate will fall to 3.5% and job growth will average roughly 230,000 per month. … READ MORE >
The infrastructure package will bolster productivity and economic modernization
The package signed into law represents the most significant modernization of the nation’s infrastructure since the middle of the 20th century. … READ MORE >
Introducing the RSM US Supply Chain Index: Sustained growth depends on retooling
We have created the RSM US Supply Chain Index to provides a near real-time and forward look for the elements of transportation, manufacturing, sales and labor. … READ MORE >
U.S. inflation reached a three-decade high in October
Inflation continued to surge in October, mostly on the back of seasonal influences that boosted the cost of energy, transportation and food, and sending the consumer price index up by 6.2% on an annual basis, a three-decade high. … READ MORE >
Chart of the day: Pricing in the December debt cliff
Despite the recent legislative passage of a 10-year infrastructure investment plan, Congress and the Biden administration are no closer to an agreement on lifting the debt ceiling. … READ MORE >
U.S. October jobs report: Hiring booms as unemployment falls to 4.6%
The October U.S. employment report released on Friday showed an increase of 531,000 jobs and a decline of roughly 255,000 in the jobless rolls as the unemployment rate fell to 4.6%. … READ MORE >