March producer prices rose by 0.5%, driven largely by energy costs. Oil prices have eased since, but supply disruptions are unlikely to fade anytime soon. … READ MORE >
Tuan Nguyen
Market Minute: RSM GDP Nowcast showing 4.5% growth in first quarter
We can be confident that the rebound in government spending following the extended shutdown last fall will add about 1 to 1.5 percentage points to overall GDP growth. … READ MORE >
Major economic indicators point to stronger growth
The impact of AI investment and the easing of tariff concerns showed up across much of the data. … READ MORE >
That was one noisy retail sales report
Headline retail sales were unchanged, missing the 0.4% increase economists expected. … READ MORE >
Consumer sentiment ticks up, but don’t hang your hat on it
The gains in sentiment were concentrated among households with the largest stock portfolios, while confidence stagnated and remained dismal for consumers without equity exposure. … READ MORE >
Consumer confidence plunges to lowest level since 2014
The Conference Board’s index fell to 84.5, missing the consensus forecast of 90.0 and marking the lowest reading since May 2014. … READ MORE >
Americans spent big in November as inflation moderated
Despite a number of lingering concerns over tariffs and jobs, consumer spending continued to be strong in November. … READ MORE >
RSM’s Brusuelas and Nguyen named among Bloomberg’s top forecasters
The team claimed the top ranking in forecasting personal income, and also in how the service sector would perform. … READ MORE >
October and November jobs preview: A most unusual report
We expect a net increase in total employment of 120,000 over the two months, including an increase of 80,000 jobs in the October report and a slowing to 40,000 in November. … READ MORE >
Job openings jump, but the labor market’s weak spot shows
Much of the gains in nob openings appeared concentrated among small businesses, most likely in leisure and hospitality, pointing to seasonal rather than structural hiring momentum. … READ MORE >