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 in the economy. … READ MORE >
Joseph Brusuelas
Real federal funds rate illustrates that Fed policy is restrictive
With underlying inflation having fallen to between 2% and 2.5%, and the federal funds rate standing at 5.5%, capital investment has become prohibitively expensive for many businesses. … READ MORE >
FOMC preview: Why the Fed’s pivot to lower rates matters
The Fed’s policy decision next week will put forward major changes to its outlook, including the dot plot, the Summary of Economic Projections and the language within the statement around economic conditions. … READ MORE >
U.S. August CPI: Further signs of moderation as energy prices decline
Inflation inside the consumer price index continued to moderate in August as the top-line figure increased by 0.2% on the month and by 2.5% on a year-ago basis. … READ MORE >
Financial markets update: Front-running the Fed’s first cut, and our new call on rates
We are updating our year-end rate call to 3.7% on the 10-year yield with risk of a move lower as growth, inflation and hiring cool. … READ MORE >
U.S. August jobs report: A soft landing in the economy
Hiring is cooling and we expect that will define the second half of the year as firms manage their mix of capital and labor to meet demand. … READ MORE >
Fed’s key inflation gauge shows price stability as consumers hit the accelerator
The American economy is poised to grow at or above the long-term 1.8% rate as the Fed begins its rate-cutting campaign, which should put a floor under growth and hiring. … READ MORE >
Expect strong U.S. jobs report for August, but the devil is in the details
We expect a net gain in total employment of 175,000 jobs and an unemployment rate of 4.2% when the employment report is released on Sept. 6. … READ MORE >
Powell at Jackson Hole: Policy pivot signals the start of rate cuts
The Fed will need to put forward an appropriate framework—including a possible new inflation target—to communicate the rapid changes affecting the economy to the public, policymakers and investors. … READ MORE >
The Fed nears a pivot: A webinar from RSM US and the U.S. Chamber of Commerce
Join RSM US Chief Economist Joe Brusuelas and U.S. Chamber of Commerce Executive Vice President Neil Bradley as they discuss the economic outlook and what middle market companies should anticipate. … READ MORE >