Known by economists as r-star, it has risen to a range between 1.75% and 2% in our estimation, a marked increase from the 0.5% that had prevailed over the previous 15 years. … READ MORE >
Federal Reserve
Industrial production nears a record high as consumer sentiment falls
Industrial volume in August rose by 0.4% to the highest level in 11 months, nearing the record registered last September, as consumer sentiment In September fell to the lowest level in three months. … READ MORE >
August retail sales and producer inflation show a hot summer finish
Retail sales and producer inflation came in significantly higher than expected, while initial jobless claims were lower than the market consensus. … READ MORE >
Energy pushes inflation higher but core prices remain grounded
Consumer inflation in August posted the biggest monthly increase in more than a year, driven mostly by the surge in oil and energy prices. … READ MORE >
Why the Fed should lift its 2% inflation target
We expect the Fed to hold its policy rate steady at 5.25% to 5.5% at its meeting next week and would advise the Fed to begin shaping expectations about a likely cyclical peak at that range. … READ MORE >
Initial jobless claims fall to lowest level in seven months
Initial jobless claims dropped to 216,000 last week, the fewest since February, according to data from the Bureau of Labor Statistics. … READ MORE >
Financial conditions and the cost of doing business: 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 Monday, Sept. 25, at 1 p.m. eastern for a wide-ranging conversation on America’s real economy. … READ MORE >
U.S. August jobs report: Labor market continues to cool
In August, the U.S. economy added 187,000 jobs and the unemployment rate settled in at 3.8%, according to Labor Department data released on Friday. … READ MORE >
RSM US Manufacturing Outlook Index: Signs of a bottom
Only two of the five manufacturing centers surveyed by regional Federal Reserve banks, New York and Dallas, reported substantial declines Philadelphia and Kansas City reported substantial increases, while Richmond had a slight increase. … READ MORE >
Job openings drop to lowest in more than two years
Job openings fell to 8.8 million in July, staying under 9 million for the first time since March 2021, according to the Bureau of Labor Statistics on Tuesday. … READ MORE >