Travel industry, expecting busy summer, casts wary eye on inflation
With COVID-19 caseloads easing and consumers flush with savings built up during the
pandemic, the travel industry was anticipating a robust season.
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U.S. employment report for June indicates no recession now
An American economy in free fall does not tend to produce 372,000 jobs in any given month, as the June employment report showed on Friday. The data released by...
Chart of the day: Service sector grows at slowest pace in two years
The ISM service index inched down to 55.3 in June, the slowest level of growth in more than two years since May 2020, when it was at 45.2.
Job openings show signs of a slowdown
Job openings declined for the second straight month in May as the Federal Reserve's rate hikes slowed down overall demand.
U.S. June jobs preview: Slower hiring in rate-sensitive industries
We expect the June U.S. employment report to show a total gain of 225,000 jobs, with risk of a stronger pace of hiring and an increase in the unemployment rate to 3.7%.
RSM US Manufacturing Outlook Index shows a slowing industrial sector
Three of the Federal Reserve’s regional manufacturing surveys are now reporting outright contractions and the other two are falling quickly toward contraction.
Preparing for a tsunami of imported goods
The recent reopening of China’s factory floors and the easing of its supply chain bottlenecks have prompted discussion about the ability of the U.S.
New home sales rise unexpectedly despite higher mortgage rates
The increase was driven by more supply coming online, pushing prices down for the first time since February.
How lumber tells the story of home building during the pandemic
Large home builders operate with scale advantages, which have allowed them to endure wild swings in costs of inputs like lumber. It's a different story for…
Fed announces largest rate hike in nearly three decades as it seeks to restore price stability
The Federal Reserve lifted its federal funds policy rate to a range between 1.5% and 1.75% on Wednesday as it moves to restore price stability over the medium term.
Inflation and gross margins—who is winning? Part 1: The transportation sector
RSM took a detailed look at gross margins across different peer groups in the industrials sector to see how each has fared during this time of high inflation.
Are inventory levels too high?
Consumer goods companies are beginning to rethink current inventory positions as they plan for back-to-school and winter holiday seasons.
Get ready for another round of supply chain bottlenecks
Just when middle market businesses where hoping for relief from supply chain disruptions, China's renewed economic shutdowns laying the groundwork from another round.
Financial institutions industry outlook
In our summer 2022 financial institutions industry outlook, we explore what's ahead for middle market business leaders.
Manufacturing sector grew steadily in May
The manufacturing sector expanded at the slightly faster rate in May as demand remained strong.
U.S. households are drawing down savings as the economy booms
After building up prodigious savings during the pandemic, American households are starting to spend that cash.