Staffing firms may want to brace for a decrease in demand as high interest rates continue and if layoffs increase. All signs point to these firms enduring a similar experience as the Great Recession. … READ MORE >
Blog
Inflation remains sticky in April, rising by 4.9% over a year ago
April’s increase in the consumer price index was in line with RSM’s forecast of a 4.9% gain and the consensus estimate of 5%, and will most likely support the doves at the Federal Reserve who want to pause interest rate increases. … READ MORE >
What would happen if the government defaults on its debt?
Policy brinksmanship over lifting the debt ceiling and the threat of default it brings is increasing the cost of doing business and carries far more risk than is commonly acknowledged. … READ MORE >
Fed survey shows a notable decline in loan demand
Roughly 56% of loan officers noted a decline in demand for loans by large and middle market firms, while 53% reported a decline in credit demand by small firms, according to the Fed’s quarterly Senior Loan Officer Opinion Survey released Monday. … READ MORE >
Economic headwinds and your business: A webinar from RSM US and the U.S. Chamber of Commerce
Brusuelas and Bradley will examine the changing landscape of risk and offer insights into how businesses can adapt. … READ MORE >
Is a debt-ceiling crisis coming? Money markets are saying yes.
Not only have three- and five-year U.S. credit default swaps soared to multiyear highs, but distortions are also emerging at the front end of the Treasury curve. … READ MORE >
AI advancements may be easing impact of tech sector layoffs
Two focus areas in the technology sector so far this year—advancements in generative artificial intelligence and industry layoffs—may be offsetting each other when it comes to their net impact on the tech workforce. … READ MORE >
Canada added 41,400 jobs in April amid resilient labor market
The strong jobs report should get the attention of the Bank of Canada as it weighs its next move in June. … READ MORE >
Hiring in U.S. remains robust in April as the jobless rate falls to 3.4%
We have made the case over the past few months that resilience rather than recession is a more apt description of the American economy. The net change in employment in the April jobs report of 253,000 reported by the Labor Department on Friday reflects that resilience. In addition, the … … READ MORE >
5 things to know in life sciences: Week of May 1, 2023
From a “brain decoder” using neural network technology to a potential increase in European pharma dealmaking, here’s the latest in life sciences. … READ MORE >