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.
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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
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
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.
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.
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.
Industry spotlight: Insurance
Inflation is likely to increase the cost of claims for auto physical damage, property and catastrophe lines of business for years to come.
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.
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.
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
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
The MMBI eased to 123.6 in November from 126.7 in October, reflecting stout middle market business conditions.