From biopharma research productivity to the impact of AI modeling, here’s the latest in life sciences. … READ MORE >
USA
U.S. jobs report: Strong demand for labor continues its remarkable run in May
Labor demand continues to increase at a remarkably strong pace, which removes the prospect of a July rate hike and creates the sense that the Federal Reserve may fall further behind other central banks as they pivot to lower rates. … READ MORE >
FOMC preview: Dot plot to imply two rate cuts this year
We expect the Federal Open Market Committee to keep its policy rate unchanged between a rate of 5.25% and 5.5% at its meeting next week. … READ MORE >
The case for rate cuts: Read our chief economist’s op-ed in Barron’s
The recent rate cuts by the Bank of Canada and the European Central Bank are just the beginning of a global shift to growth-oriented monetary policies, RSM’s chief economist Joe Brusuelas wrote in Barron’s in April. … READ MORE >
Global central bank policy pivot continues as ECB cuts rate
The rate cuts in Europe and Canada are likely to be followed by the Bank of England in August and the Fed this fall. … READ MORE >
Job openings fall to the lowest level since February 2021
The labor market continued to cool at an encouraging pace as elevated interest rates weighed further on overall demand. Job openings fell to 8.06 million in April from a downwardly revised 8.36 million in the previous month, according to data released by the Bureau of Labor Statistics on Tuesday. … READ MORE >
Manufacturing activity slows in May
Softer manufacturing sentiment in May is within our expectations as elevated interest rates continue to weigh on overall goods demand. … READ MORE >
RSM US Manufacturing Outlook Index: Decline continues in May
Surveys of manufacturing firms conducted by five regional Federal Reserve banks continue to show the negative impact of a tight monetary policy and the lagged effect of an aggressive fiscal policy. … READ MORE >
5 things to know in life sciences: Week of May 27, 2024
From the importance of decentralized clinical trials to growing weight loss drug revenues, here’s what’s happening in life sciences. … READ MORE >
Spending cools more than expected as Fed contemplates rate cuts
American consumers pulled back in April as a sign of elevated interest rates weighing further on overall demand as the pandemic fiscal supports wane. … READ MORE >