While many are concerned that the economy is heading toward a recession, new data on spending and the labor market suggest otherwise. It's hard to bet against the American economy when the most recent data has surprised to the upside. Significant revisions to income and gross domestic product from 2020 ... READ MORE >
USA
Report: Nonprofits must leverage technology and adapt to giving trends
CCS Fundraising's 2024 Philanthropic Landscape report highlights positive news like the resilience of charitable giving despite economic challenges, but also underscores the growing importance of technology and the need to adapt to new giving trends. Here are some key takeaways from the report, ... READ MORE >
American outperformance in the post-pandemic global economy
One of the more underdiscussed economic developments following the shocks of the pandemic has been the United States’ outperformance compared to its peers. This success can be traced to bold monetary and fiscal policies put in place that have hardened supply chains, bolstered energy independence and ... READ MORE >
5 things to know in life sciences: Week of September 16, 2024
Each week we highlight five things affecting the life sciences industry. Here's the latest. New Alzheimer’s drug shows promise in early trials In patients with Alzheimer's disease, astrocytes can either help break down harmful amyloid beta plaques or worsen the condition by secreting amyloid beta ... READ MORE >
Fed cuts rates to support a soft landing in the economy
The Federal Reserve on Wednesday reduced its policy rate by 50 basis points to a range between 4.75% and 5% to protect full employment and preserve the soft landing it has achieved following a historic price shock. The central bank also laid out a path of monetary policy that suggests additional 25 ... READ MORE >
U.S. retail sales and industrial production beat expectations
Retail sales in the United States increased by 0.1% in August—much closer to our forecast of a 0.2% increase compared to the market consensus of a 0.2% decline. The stronger-than-expected retail sales data came as industrial production also topped forecasts in August, growing by 0.8% from a month ... READ MORE >
Back-to-school recap: Buying trends set tone for retail holiday season
In our final installment of our three-part blog series, RSM’s senior industry analysts recap back-to-school shopping trends and the impact on consumer businesses. As summer draws to a close, families across the country prepared for the back-to-school season, a critical time for retailers as it set the ... READ MORE >
Real federal funds rate illustrates that Fed policy is restrictive
When I am on the road talking to clients about the economy and the path of Federal Reserve policy, the most frequent question I get is: If the economy is growing how can policy be restrictive? The answer lies not so much in the current economy as it does in what awaits if the Fed continues along its ... READ MORE >
Consumer sentiment rises on improved outlook for inflation and spending
The rebound in consumer sentiment to the highest level in four months, as seen in the University of Michigan's consumer sentiment index released on Friday, is encouraging as the outlook for inflation and spending improved. As inflation continues to moderate—seen also in the survey’s results—and ... READ MORE >
5 things to know in life sciences: Week of September 9, 2024
Each week we highlight five things affecting the life sciences industry. Here's the latest. Many FDA-authorized AI devices lack validation data Over 40% of artificial intelligence-enabled medical devices cleared by the U.S. Food and Drug Administration lack clinical validation data, according to a ... READ MORE >