The Federal Reserve’s latest survey of bank lending officers confirms that the dampening effect of monetary-policy tightening on borrowing and lending continued in the second quarter. … READ MORE >
Joseph Brusuelas
RSM US Manufacturing Outlook Index: A continued decline in July
The RSM US Manufacturing Outlook Index slipped back to 1.8 standard deviations below normal, the 15th consecutive month of negative values. … READ MORE >
RSM US Financial Conditions Index moving toward neutral
With the money market at normal levels of risk, and with surging equities balancing out the caution displayed in the bond market, our composite financial conditions market is fast approaching neutral. … READ MORE >
Where are we going to find the workers? A look at child care and the workforce
As the American economy contends with a chronic shortage of workers, there is a solution: Women in their prime working years. But that will require accessible and affordable child care. … READ MORE >
Resilience defined as American economy continues to defy expectations
Driven by the household consumption, the American economy expanded at a 2.4% seasonally adjusted annualized rate. … READ MORE >
FOMC policy decision: The time for an end to rate hikes has arrived
With the policy rate standing above two closely watched measures of inflation, it is now time for the Federal Reserve to allow the economy an extended period to absorb the impact of past rate hikes. … READ MORE >
Surging manufacturing construction: Industrial policy and U.S. semiconductors
A confluence of events triggered by supply chain disruptions, global security tensions and a changing political landscape has resulted in a boom in manufacturing construction. Call it the return of industrial policy. … READ MORE >
U.S. second-half economic outlook: Muddling through
A rapid decline in inflation amid robust hiring and an unemployment rate that stands at 3.6% despite a steep rise in interest rates underscore a resilient American economy that refuses to go gently into that good night. … READ MORE >
Inflation slows to 3% in June but the Fed’s work is not done
The 3% year-ago increase in the consumer price index reported by the Labor Department on Wednesday is down from a peak of 9.1% in June 2022. … READ MORE >
U.S. employment report: Strong gains continue in June
A remarkable run of monthly job gains continued in June as the economy generated 209,000 new jobs and the unemployment rate fell to 3.6%. … READ MORE >