RSM US LLP’s Post

Growth, #inflation and employment are all cooling, likely defining the second half of the year as the Fed gets ready to cut rates. 📉 Growth We anticipate economic activity to ease to 1.8% as real private domestic demand cools due to elevated financing rates and slower hiring. Job creation is expected to decline closer to 120,000 per month, compared to the monthly average of 222,000 during the first half of the year. 💸 Inflation Goods disinflation and slower growth in service sector prices will continue to dominate the U.S. economy’s narrative. While service sector inflation, housing costs and insurance prices will stay elevated, they are expected to ease. We expect inflation to settle in the 2.5% to 3% range over the medium to long term due to changes in globalization, trade, supply chains and the intensifying geopolitical competition between the U.S. and China. 💼 Employment In the first half of the year, the American economy added 1.078 million jobs, averaging 222,000 new jobs per month with an unemployment rate averaging 3.9%. However, hiring slowed in the second quarter to an average of 177,000 jobs per month, a midpoint between the 150,000 and 200,000 that we think is needed to maintain employment stability. In the short run, if job growth falls below 150,000, it could significantly increase the probability of near-term rate cuts by the Federal Reserve. Read more from our economists Joe Brusuelas and Tuan Nguyen in the latest issue of The Real Economy: https://rsm.buzz/3WbQXhq

Growth, #inflation and employment are all cooling, likely defining the second half of the year as the Fed gets ready to cut rates. 📉 Growth We anticipate economic activity to ease to 1.8% as real private domestic demand cools due to elevated financing rates and slower hiring. Job creation is expected to decline closer to 120,000 per month, compared to the monthly average of 222,000 during the first half of the year. 💸 Inflation Goods disinflation and slower growth in service sector prices will continue to dominate the U.S. economy’s narrative. While service sector inflation, housing costs and insurance prices will stay elevated, they are expected to ease. We expect inflation to settle in the 2.5% to 3% range over the medium to long term due to changes in globalization, trade, supply chains and the intensifying geopolitical competition between the U.S. and China. 💼 Employment In the first half of the year, the American economy added 1.078 million jobs, averaging 222,000 new jobs per month with an unemployment rate averaging 3.9%. However, hiring slowed in the second quarter to an average of 177,000 jobs per month, a midpoint between the 150,000 and 200,000 that we think is needed to maintain employment stability. In the short run, if job growth falls below 150,000, it could significantly increase the probability of near-term rate cuts by the Federal Reserve. Read more from our economists Joe Brusuelas and Tuan Nguyen in the latest issue of The Real Economy: https://rsm.buzz/4fwZd4P

Growth, #inflation and employment are all cooling, likely defining the second half of the year as the Fed gets ready to cut rates. 📉 Growth We anticipate economic activity to ease to 1.8% as real private domestic demand cools due to elevated financing rates and slower hiring. Job creation is expected to decline closer to 120,000 per month, compared to the monthly average of 222,000 during the first half of the year. 💸 Inflation Goods disinflation and slower growth in service sector prices will continue to dominate the U.S. economy’s narrative. While service sector inflation, housing costs and insurance prices will stay elevated, they are expected to ease. We expect inflation to settle in the 2.5% to 3% range over the medium to long term due to changes in globalization, trade, supply chains and the intensifying geopolitical competition between the U.S. and China. 💼 Employment In the first half of the year, the American economy added 1.078 million jobs, averaging 222,000 new jobs per month with an unemployment rate averaging 3.9%. However, hiring slowed in the second quarter to an average of 177,000 jobs per month, a midpoint between the 150,000 and 200,000 that we think is needed to maintain employment stability. In the short run, if job growth falls below 150,000, it could significantly increase the probability of near-term rate cuts by the Federal Reserve. Read more from our economists Joe Brusuelas and Tuan Nguyen in the latest issue of The Real Economy: https://rsm.buzz/3WElXXZ

Growth, #inflation and employment are all cooling, likely defining the second half of the year as the Fed gets ready to cut rates. 📉 Growth We anticipate economic activity to ease to 1.8% as real private domestic demand cools due to elevated financing rates and slower hiring. Job creation is expected to decline closer to 120,000 per month, compared to the monthly average of 222,000 during the first half of the year. 💸 Inflation Goods disinflation and slower growth in service sector prices will continue to dominate the U.S. economy’s narrative. While service sector inflation, housing costs and insurance prices will stay elevated, they are expected to ease. We expect inflation to settle in the 2.5% to 3% range over the medium to long term due to changes in globalization, trade, supply chains and the intensifying geopolitical competition between the U.S. and China. 💼 Employment In the first half of the year, the American economy added 1.078 million jobs, averaging 222,000 new jobs per month with an unemployment rate averaging 3.9%. However, hiring slowed in the second quarter to an average of 177,000 jobs per month, a midpoint between the 150,000 and 200,000 that we think is needed to maintain employment stability. In the short run, if job growth falls below 150,000, it could significantly increase the probability of near-term rate cuts by the Federal Reserve. Read more from our economists Joe Brusuelas and Tuan Nguyen in the latest issue of The Real Economy: https://rsm.buzz/4flzonT

Growth, #inflation and employment are all cooling, likely defining the second half of the year as the Fed gets ready to cut rates. 📉 Growth We anticipate economic activity to ease to 1.8% as real private domestic demand cools due to elevated financing rates and slower hiring. Job creation is expected to decline closer to 120,000 per month, compared to the monthly average of 222,000 during the first half of the year. 💸 Inflation Goods disinflation and slower growth in service sector prices will continue to dominate the U.S. economy’s narrative. While service sector inflation, housing costs and insurance prices will stay elevated, they are expected to ease. We expect inflation to settle in the 2.5% to 3% range over the medium to long term due to changes in globalization, trade, supply chains and the intensifying geopolitical competition between the U.S. and China. 💼 Employment In the first half of the year, the American economy added 1.078 million jobs, averaging 222,000 new jobs per month with an unemployment rate averaging 3.9%. However, hiring slowed in the second quarter to an average of 177,000 jobs per month, a midpoint between the 150,000 and 200,000 that we think is needed to maintain employment stability. In the short run, if job growth falls below 150,000, it could significantly increase the probability of near-term rate cuts by the Federal Reserve. Read more from our economists Joe Brusuelas and Tuan Nguyen in the latest issue of The Real Economy: https://rsm.buzz/46fgOd7

Growth, #inflation and employment are all cooling, likely defining the second half of the year as the Fed gets ready to cut rates. 📉 Growth We anticipate economic activity to ease to 1.8% as real private domestic demand cools due to elevated financing rates and slower hiring. Job creation is expected to decline closer to 120,000 per month, compared to the monthly average of 222,000 during the first half of the year. 💸 Inflation Goods disinflation and slower growth in service sector prices will continue to dominate the U.S. economy’s narrative. While service sector inflation, housing costs and insurance prices will stay elevated, they are expected to ease. We expect inflation to settle in the 2.5% to 3% range over the medium to long term due to changes in globalization, trade, supply chains and the intensifying geopolitical competition between the U.S. and China. 💼 Employment In the first half of the year, the American economy added 1.078 million jobs, averaging 222,000 new jobs per month with an unemployment rate averaging 3.9%. However, hiring slowed in the second quarter to an average of 177,000 jobs per month, a midpoint between the 150,000 and 200,000 that we think is needed to maintain employment stability. In the short run, if job growth falls below 150,000, it could significantly increase the probability of near-term rate cuts by the Federal Reserve. Read more from our economists Joe Brusuelas and Tuan Nguyen in the latest issue of The Real Economy: https://rsm.buzz/3SptdFt

Growth, #inflation and employment are all cooling, likely defining the second half of the year as the Fed gets ready to cut rates. 📉 Growth We anticipate economic activity to ease to 1.8% as real private domestic demand cools due to elevated financing rates and slower hiring. Job creation is expected to decline closer to 120,000 per month, compared to the monthly average of 222,000 during the first half of the year. 💸 Inflation Goods disinflation and slower growth in service sector prices will continue to dominate the U.S. economy’s narrative. While service sector inflation, housing costs and insurance prices will stay elevated, they are expected to ease. We expect inflation to settle in the 2.5% to 3% range over the medium to long term due to changes in globalization, trade, supply chains and the intensifying geopolitical competition between the U.S. and China. 💼 Employment In the first half of the year, the American economy added 1.078 million jobs, averaging 222,000 new jobs per month with an unemployment rate averaging 3.9%. However, hiring slowed in the second quarter to an average of 177,000 jobs per month, a midpoint between the 150,000 and 200,000 that we think is needed to maintain employment stability. In the short run, if job growth falls below 150,000, it could significantly increase the probability of near-term rate cuts by the Federal Reserve. Read more from our economists Joe Brusuelas and Tuan Nguyen in the latest issue of The Real Economy: https://rsm.buzz/4d0evgr

Growth, #inflation and employment are all cooling, likely defining the second half of the year as the Fed gets ready to cut rates. 📉 Growth We anticipate economic activity to ease to 1.8% as real private domestic demand cools due to elevated financing rates and slower hiring. Job creation is expected to decline closer to 120,000 per month, compared to the monthly average of 222,000 during the first half of the year. 💸 Inflation Goods disinflation and slower growth in service sector prices will continue to dominate the U.S. economy’s narrative. While service sector inflation, housing costs and insurance prices will stay elevated, they are expected to ease. We expect inflation to settle in the 2.5% to 3% range over the medium to long term due to changes in globalization, trade, supply chains and the intensifying geopolitical competition between the U.S. and China. 💼 Employment In the first half of the year, the American economy added 1.078 million jobs, averaging 222,000 new jobs per month with an unemployment rate averaging 3.9%. However, hiring slowed in the second quarter to an average of 177,000 jobs per month, a midpoint between the 150,000 and 200,000 that we think is needed to maintain employment stability. In the short run, if job growth falls below 150,000, it could significantly increase the probability of near-term rate cuts by the Federal Reserve. Read more from our economists Joe Brusuelas and Tuan Nguyen in the latest issue of The Real Economy: https://rsm.buzz/3WNjxX5

Growth, #inflation and employment are all cooling, likely defining the second half of the year as the Fed gets ready to cut rates. 📉 Growth We anticipate economic activity to ease to 1.8% as real private domestic demand cools due to elevated financing rates and slower hiring. Job creation is expected to decline closer to 120,000 per month, compared to the monthly average of 222,000 during the first half of the year. 💸 Inflation Goods disinflation and slower growth in service sector prices will continue to dominate the U.S. economy’s narrative. While service sector inflation, housing costs and insurance prices will stay elevated, they are expected to ease. We expect inflation to settle in the 2.5% to 3% range over the medium to long term due to changes in globalization, trade, supply chains and the intensifying geopolitical competition between the U.S. and China. 💼 Employment In the first half of the year, the American economy added 1.078 million jobs, averaging 222,000 new jobs per month with an unemployment rate averaging 3.9%. However, hiring slowed in the second quarter to an average of 177,000 jobs per month, a midpoint between the 150,000 and 200,000 that we think is needed to maintain employment stability. In the short run, if job growth falls below 150,000, it could significantly increase the probability of near-term rate cuts by the Federal Reserve. Read more from our economists Joe Brusuelas and Tuan Nguyen in the latest issue of The Real Economy: https://rsm.buzz/3Lz99Nn

Growth, #inflation and employment are all cooling, likely defining the second half of the year as the Fed gets ready to cut rates. 📉 Growth We anticipate economic activity to ease to 1.8% as real private domestic demand cools due to elevated financing rates and slower hiring. Job creation is expected to decline closer to 120,000 per month, compared to the monthly average of 222,000 during the first half of the year. 💸 Inflation Goods disinflation and slower growth in service sector prices will continue to dominate the U.S. economy’s narrative. While service sector inflation, housing costs and insurance prices will stay elevated, they are expected to ease. We expect inflation to settle in the 2.5% to 3% range over the medium to long term due to changes in globalization, trade, supply chains and the intensifying geopolitical competition between the U.S. and China. 💼 Employment In the first half of the year, the American economy added 1.078 million jobs, averaging 222,000 new jobs per month with an unemployment rate averaging 3.9%. However, hiring slowed in the second quarter to an average of 177,000 jobs per month, a midpoint between the 150,000 and 200,000 that we think is needed to maintain employment stability. In the short run, if job growth falls below 150,000, it could significantly increase the probability of near-term rate cuts by the Federal Reserve. Read more from our economists Joe Brusuelas and Tuan Nguyen in the latest issue of The Real Economy: https://rsm.buzz/3Yh0K8J