As part of our membership in the RSM US Alliance, we have access to a wide variety of articles on topics that matter to the middle market, including RSM’s The Real Economy. This monthly publication provides articles and information on a range of topics that affect the economy including political unrest, supply chain issues, labor and workforce, and more.
The great rate reset: The end of easy money, rising yields and the onset of a new era
(authored by RSM US LLP) For the first time in years, the risk premium has been positive, which is an important signal that interest rates are indeed returning to normal.
Housing prices set a record as consumer confidence dips
(authored by RSM US LLP) Housing prices set a record in July, according to the S&P CoreLogic Index, rising by 0.87% on a seasonally adjusted basis. August’s new home sales, however, dropped by a sharp 8.7%, erasing the entire increase from July, which was revised up to an 8% gain from 4.4%.
The economics of another U.S. government shutdown
(authored by RSM US LLP) A shutdown will hurt the economy, placing a drag on spending and overall economic activity as we approach the traditional holiday season.
Industrial production and housing rebound in July, affirming GDP growth outlook
(authored by RSM US LLP) Industrial production, housing starts and permits rebounded in July, affirming RSM US LLP’s economic growth outlook for the third quarter.
Strategic procurement can help combat market uncertainty and control costs
(authored by RSM US LLP) Improving procurement processes can help organizations reduce supply chain risks while increasing value and resilience.
Consumer confidence falls to six-month low
The top-line confidence level fell to 102.3 from an upwardly revised 103.7, the Conference Board reported on Tuesday.
The debt ceiling agreement and the financial health of the U.S.
The agreemen’s impact on economic growth will most likely be negligible and will bring modest growth in overall spending over the next two years.
Jobless claims and producer inflation show mixed results
Initial jobless claims rose by 9.1% last week to 264,000, the most since 2021 as producer prices rebounded in April.
How high will interest rates go?
(authored by RSM US LLP) We expect the Fed to raise its policy rate above 5% in the near term while at the same time reducing its balance sheet by $95 billion per month.