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FOMC policy decision: Fed hikes policy rate by 75 basis points

FOMC policy decision: Fed hikes policy rate by 75 basis points

At this critical juncture, with the policy rate residing in neutral terrain, it is natural for the Fed to adjust its rhetoric as it considers next steps.
U.S. June CPI: Persistent top-line inflation hits 9.1%

U.S. June CPI: Persistent top-line inflation hits 9.1%

The top-line consumer price index hit 9.1% in June on the back of a 11.2% increase in gasoline prices and a 7.5% jump in overall energy prices.
Job openings show signs of a slowdown

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.
Fed announces largest rate hike in nearly three decades as it seeks to restore price stability

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.
U.S. May CPI: Inflation continues to broaden out on higher gas and housing costs

U.S. May CPI: Inflation continues to broaden out on higher gas and housing costs

Inflation continued to broaden out across the American economy in May, rising by 8.6% annually and underscoring the urgency among central bankers to restore price stability through an increase in the federal funds rate and a drawdown in its $8.9 trillion balance sheet.
Why excess labor demand is unhealthy

Why excess labor demand is unhealthy

The economy is fewer than 1 million jobs from reaching its pre-pandemic level. Yet there were a record 11.55 million job vacancies.
Get ready for another round of supply chain bottlenecks

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.
How insurers can brace for inflation impact

How insurers can brace for inflation impact

Inflation is likely to increase the cost of claims for auto physical damage, property and catastrophe lines of business for years to come.
The $1.2 trillion infrastructure legislation and the middle market

The $1.2 trillion infrastructure legislation and the middle market

This legislation represents the most significant modernization of the nation’s infrastructure since the middle of the 20th century.
U.S. households are drawing down savings as the economy booms

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.
Looking ahead to 2022

Looking ahead to 2022

Nearly two years into the pandemic, there are signs that the worst of a once-in-a-century shock to the global economy is beginning to fade.
Economics of the $1.9 trillion American Rescue Plan Act

Economics of the $1.9 trillion American Rescue Plan Act

The American Rescue Plan Act will provide a robust tailwind to the domestic economy as it recovers from the pandemic.
RSM Middle Market Business Index: November 2020

RSM Middle Market Business Index: November 2020

The MMBI eased to 123.6 in November from 126.7 in October, reflecting stout middle market business conditions.