The unemployment rate increased to 3.7% as workers rejoined the labor force. … READ MORE >
Joseph Brusuelas
RSM US Manufacturing Outlook Index: Downturn continues
The combination of monetary policy tightening and geopolitical pressures on energy prices and demand has taken its toll on the U.S. manufacturing sector. … READ MORE >
The debt ceiling agreement and the financial health of the U.S.
The agreement’s impact on economic growth will most likely be negligible and will bring modest growth in overall spending over the next two years. … READ MORE >
Fitch puts U.S. on ratings watch negative
It is time for the Federal Reserve to act pre-emptively to ensure well-functioning financial markets and signal to global market participants that the bond rating on U.S. Treasuries will remain unchanged. … READ MORE >
RSM US Financial Conditions Index: Debt ceiling standoff to cause volatility
As of Friday, our composite RSM US Financial Conditions Index remained at 0.9 standard deviations below neutral, corresponding to higher levels of risk than would normally be priced into securities. … READ MORE >
About that recession: Resilience now, risks ahead
Despite elevated inflation and interest rates, as well as tightening financial conditions and softening demand for loans, the economy has chugged along, thanks in no small part to strong consumer spending. … READ MORE >
Inflation remains sticky in April, rising by 4.9% over a year ago
April’s increase in the consumer price index was in line with RSM’s forecast of a 4.9% gain and the consensus estimate of 5%, and will most likely support the doves at the Federal Reserve who want to pause interest rate increases. … READ MORE >
What would happen if the government defaults on its debt?
Policy brinksmanship over lifting the debt ceiling and the threat of default it brings is increasing the cost of doing business and carries far more risk than is commonly acknowledged. … READ MORE >
Fed survey shows a notable decline in loan demand
Roughly 56% of loan officers noted a decline in demand for loans by large and middle market firms, while 53% reported a decline in credit demand by small firms, according to the Fed’s quarterly Senior Loan Officer Opinion Survey released Monday. … READ MORE >
Economic headwinds and your business: A webinar from RSM US and the U.S. Chamber of Commerce
Brusuelas and Bradley will examine the changing landscape of risk and offer insights into how businesses can adapt. … READ MORE >