RSM

Wall Street received some positive data Thursday morning after the Bureau of Economic Analysis upwardly revised U.S. gross domestic product growth for the fourth quarter of 2024. But, experts are concerned about upcoming GDP estimates as the effects of new trade policies are felt.  The Data: The...

There’s little doubt that the Federal Reserve Open Market Committee (FOMC) meeting this Wednesday will opt to maintain interest rates unchanged within the 5.25% to 5.5% range while also keeping their quantitative tightening program running at the same pace. But, the real focus lies in the...

Three of the leading U.S. automotive companies face uncertainties after a contract dispute with the United Auto Workers (UAW) union was not resolved Thursday night. Union workers at several Ford Motor Co (NYSE: F), General Motors Co (NYSE: GM) and Stellantis NV (NYSE: STLA) are now on...

Joe Brusuelas is chief economist and principal at RSM US LLP, a provider of assurance, tax and consulting services focused on the middle market. This article first appeared on RSM’s The Real Economy Blog. The common thread between the inflation reports for January was a...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.4% on Wednesday morning after the Labor Department reported a 7% increase in the consumer price index in the month of December, the fastest inflation growth since 1982. What Happened: The headline CPI rose 7% in November, in-line with...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded slightly higher Friday morning after the Labor Department reported a strong rebound in the U.S. jobs market in October. The U.S. added 531,000 jobs in October, exceeding consensus economist estimates of 450,000 jobs. The U.S. unemployment rate fell...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded slightly higher Friday morning after the Labor Department reported its second straight disappointing monthly jobs reports. The U.S. added just 194,000 jobs in September, falling well short of consensus economist estimates of 500,000 jobs. The U...

Weekly seasonally adjusted employment insurance claims were down again as of Sept. 4, hitting a low of 310,000, down 35,000 week-over-week. This is the lowest that claims have been since March 2020, when the figure 256,000 claims, according to the latest Department of Labor statistics....

Employment rose by 235,000 jobs in August, and the unemployment rate declined by 0.2%, according to the most recent Bureau of Labor Statistics numbers. The unemployment rate now sits at 5.2%. What Happened: While more jobs in the economy is generally welcomed news, many experts, including RSM...

Initial jobless claims were down by 14,000 to 385,000 during the week ending July 31, and the insured unemployment rate was at 2.1%, according to the most recent Department of Labor report. Jobless claims have continued to drop, but the improvement appears to be slowing. “Jobless...

The coronavirus pandemic that began in 2020 and is persisting today has led many investors to hold poor market expectations. But maybe they shouldn’t be so pessimistic. What Happened: That’s according to a new RSM report stating the U.S. economy grew by over 6% in the second quarter of...

In the last four decades, the prevailing economic wisdom has emphasized tax cuts and low government spending, allowing the free market to solve most economic problems. But the Biden administration is looking to change that. The Senate Spending Package: In addition to investing...

The Federal Reserve shifted market expectations in a significant way on Wednesday with its updated dot plot projections and commentary related to inflation. The SPDR S&P 500 ETF Trust (NYSE: SPY) is down 2% since Tuesday’s close, and the yield curve in U.S. Treasuries has flattened...

The SPDR S&P 500 ETF Trust (NYSE: SPY) is up more than 86% since the S&P hit its pandemic low in March 2020. While some investors are growing skeptical of the market’s expanding valuation, others argue the unprecedented conditions in the global economy have created a perfect storm for...

Millennials have flooded into the stock market in droves in 2020, with popular trading apps such as Robinhood and WeBull reporting huge spikes in younger users. But despite a new generation of investors entering the market for the first time this year, the latest data from Goldman Sachs suggests...