Through our relationship with RSM’s Professional Service+ Practice, 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.
Market minute: U.S. effective tariff rate hits 23%, creating conditions for downturn
(authored by RSM US LLP) The effective tariff rate in the United States now stands at 23% following Wednesday’s announcements of new tariffs, with the trade-weighted average mean…
Market minute: Will the economy keep on truckin”? An indicator is saying no.
(authored by RSM US LLP) The Dow Jones U.S. Trucking Index has declined 24% from its peak on Nov. 11 and is down 21.5% since its recent high on Feb. 18.
Market minute: Soft economic landing at risk
(authored by RSM US LLP) Businesses, and the economy overall, face uncertainty amid the regime change in the global economy.
Initial claims rise slightly as federal layoffs and wildfire impact was muted
(authored by RSM US LLP) The number of initial claims for jobless benefits rose slightly to 219,000 last week, close to our forecast and the pre-pandemic average of 218,000.
Strong gains in Income and spending boost economic growth in September
(authored by RSM US LLP) American households are well positioned to keep spending at a 3% to 3.5% pace as inflation moves back to 2% and real wages continue to increase.
Consumer confidence strengthens despite cooling labor demand
(authored by RSM US LLP) Job openings fell to 7.4 million, the fewest since 2021, from 7.86 million, while hirings rose to 5.56 million from 5.4 million according to the Bureau of Labor Statistics.
IRS releases 2025 tax inflation adjustments
(authored by RSM US LLP) The IRS revenue procedures provides the amount for inflation-adjusted items for 2025. Amounts adjusted for inflation include the individual tax brackets, the section 199A qualified business income thresholds, the amount of average annual gross receipts to qualify as a small taxpayer, the limitations for section 179 expensing, estate and gift exemptions, as well as several other provisions.
U.S. CPI: Further evidence of disinflation supports another rate cut
(authored by RSM US LLP) We expect the Fed to keep its eyes on preserving full employment amid general price stability, which points to a further reduction in interest rates this year.
October surprise: U.S. economy added 254,000 jobs in September as unemployment fell to 4.1%
(authored by RSM US LLP) The jobs data released Friday strongly suggests that the Fed will cut by 25 basis points on Nov. 7 at its next meeting.