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Labor costs slow, setting the stage for smaller Fed rate hike

Labor costs slow, setting the stage for smaller Fed rate hike

The index showed that labor cost growth fell to 1.0% on a quarterly basis, and to 5.1% on a year-ago basis for all workers, according to the Bureau of Labor Statistics’ Employment Cost Index released on Tuesday.
Incentivize Employees With Stock Appreciation Rights Instead of Equity

Incentivize Employees With Stock Appreciation Rights Instead of Equity

Many business owners want to incentivize and reward employees by tying their compensation to the company's performance. One way to do this is through stock options, but using stock appreciation rights might be a better solution.
Shipping costs from China plunge, helping ease inflation

Shipping costs from China plunge, helping ease inflation

Shipping costs from Shanghai to American seaports reached a peak last January, decelerated during the first half of the year and have plunged since June.
U.S. retail sales and producer inflation fall as spending weakens

U.S. retail sales and producer inflation fall as spending weakens

Retail sales and producer inflation data came in lower than expected in December, giving the Federal Reserve more reasons to begin to slow down its rate hikes.
U.S. inflation eases in December, supporting a moderation in Fed rate hikes

U.S. inflation eases in December, supporting a moderation in Fed rate hikes

Top-line inflation declined by 0.1% on the month in December and increased by 6.5% on an annual basis.
Key takeaways for employers under the SECURE 2.0 Act of 2022

Key takeaways for employers under the SECURE 2.0 Act of 2022

SECURE 2.0 Act significantly changes the tax rules governing qualified retirement plans and individual retirement accounts (IRAs).
Jobs report preview: Strong close to year as wages remain elevated

Jobs report preview: Strong close to year as wages remain elevated

We expect the December U.S. jobs report on Friday to show an increase in total employment of 220,000 positions.
FASB Proposes Changes to Lease Accounting Rules

FASB Proposes Changes to Lease Accounting Rules

The Financial Accounting Standards Board recently issued a proposed Accounting Standards Update for Leases (Topic 842). The update addresses related-party arrangements between entities under common control. This video provides an overview of the proposed changes.
Retail sales fall more than expected as spending and inflation cool

Retail sales fall more than expected as spending and inflation cool

Retail sales in November posted the sharpest decline of the year, falling by 0.6% as shoppers pulled back from holiday spending.
FOMC decision: Fed lifts policy rate to range of 4.25% to 4.5%

FOMC decision: Fed lifts policy rate to range of 4.25% to 4.5%

The Federal Reserve on Wednesday lifted its policy rate by 50 basis points and laid the groundwork for an eventual pause in interest rate increases early next year, even as it indicated it intends to continue lifting rates into a slowdown.
When will inflation slow? Pay attention to housing

When will inflation slow? Pay attention to housing

A correction in the housing market as mortgage rates reach 20-year highs is underway.
What do the latest job numbers say about the health care sector?

What do the latest job numbers say about the health care sector?

According to the latest nonfarm payroll report by the Bureau of Labor Statistics, health care added 44,700 jobs, exceeding our earlier estimate of 40,000.
When To Outsource Your Accounting

When To Outsource Your Accounting

Thanks to the cloud and automation, outsourcing has never been a more viable option than it is today. Quite often, outsourcing can be more efficient and less expensive than hiring dedicated staff. In this video, we'll cover the benefits of outsourcing your accounting.
Retail sales surge, easing recession fears for now

Retail sales surge, easing recession fears for now

Retail sales data surged in October as holiday shopping started early for the second year in a row.
How high will interest rates go?

How high will interest rates go?

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.
Congressional midterm election results anxiously awaited

Congressional midterm election results anxiously awaited

Tax and midterm elections: Whether or not Republicans take control of the House, tax policy centers on a year-end extenders bill.