The big takeaway from the CPI report will be how many businesses used the turn of the year to raise prices, as they often do, and how many firms decided to pass along tariff costs. … READ MORE >
Economics
Consumer sentiment ticks up, but don’t hang your hat on it
The gains in sentiment were concentrated among households with the largest stock portfolios, while confidence stagnated and remained dismal for consumers without equity exposure. … READ MORE >
Market Minute: The upcoming benchmark revisions to jobs data
We think that the final benchmark revision to total nonfarm employment when it is released on Feb. 11 will be around 720,000. … READ MORE >
Market Minute: Fed policy, productivity and easy money
As promising as AI is for productivity, it is premature to think that efficiency gains will allow for rates to be pushed lower in the near term. … READ MORE >
Market Minute: Manufacturing job losses continue
Since the launch of the latest trade war in April, total manufacturing employment fell by 72,000 through the end of 2025. … READ MORE >
The dollar may be in decline, but it’s not going away
The global diversification away from the dollar will occur in a gradual manner, with occasional large and unexpected moves. But diversification is far different from an outright end of the greenback as the global reserve currency. … READ MORE >
Market Minute: January jobs report preview
We expect an increase in total employment of 60,000 jobs for January with the unemployment rate holding at 4.4%. … READ MORE >
Is Kevin Warsh a man for all seasons, or a chameleon?
RSM Chief Economist Joe Brusuelas offered his thoughts on the nomination of Kevin Warsh to become the next Federal Reserve chair. … READ MORE >
Market Minute: Recent losses signal further dollar weakness
The dollar’s fall below its most recent trading range and below its five-year moving average suggests the potential for continued weakness. … READ MORE >
Market Minute: Revising our Fed rate call and our growth scenarios
We are updating our FOMC rate forecast to expect one 25 basis-point rate cut this year, either at the July or September meeting. … READ MORE >