Inflation continued to abate in November as energy prices declined by 2.3% and gasoline prices dropped by 6%, resulting in a 0.1% monthly advance in the CPI. … READ MORE >
Federal Reserve
America’s real economy in 2024: A webinar from RSM US and the U.S. Chamber of Commerce
Join RSM Chief Economist Joe Brusuelas and U.S. Chamber of Commerce Executive Vice President Neil Bradley on Wednesday, Dec. 20, at 1 p.m. eastern for a wide-ranging conversation on America’s real economy. … READ MORE >
U.S. November jobs report: This is what a soft landing looks like
Through November this year, the American economy has produced 2.58 million jobs as inflation has eased from 6.4% to 3.2% all while the unemployment rate has remained below 4%. … READ MORE >
FOMC preview and the logic of Fed rate cuts in 2024
After nearly two years of raising the federal funds policy rate to restore price stability, the Federal Reserve is poised to all but declare that campaign to be over at its meeting next week. … READ MORE >
Initial jobless claims remain resilient
Initial jobless claims inched up slightly to 220,000 last week, remaining within the pre-pandemic level, the Labor Department reported on Thursday. … READ MORE >
Job openings fall to lowest level since 2021, signaling Fed pivot
With 8.7 million job openings in October, the vacancies-to-unemployed ratio has fallen to 1.34, only slightly higher than the pre-pandemic average of around 1.24 … READ MORE >
U.S. economic outlook: Expansion continues into 2024
Expect the economy to settle into its long-term growth rate of around 1.8% next year. Read our forecasts for growth, inflation, unemployment, the dollar, interest rates and fiscal policy. … READ MORE >
Manufacturing sector in U.S. contracts in November
The manufacturing sector contracted for the second month in a row in November as lower overall demand and persistent labor shortages took their toll, the Institute for Supply Management reported on Friday. … READ MORE >
Inflation slows again, pointing to another rate pause
The personal consumption expenditures price index, the Federal Reserve’s favorite inflation metric, was unchanged on the month, while the core measure rose by 0.2%. … READ MORE >
RSM US Manufacturing Outlook Index: Slowdown even as jobs recover
Even with the overall pullback in manufacturing activity, employment in the sector has rebounded. After decades of decline, there are now as many goods-producing jobs in the American economy as in 2008. … READ MORE >