FOMC preview: Rate hikes and balance sheet reduction are up next
Next week’s Federal Open Market Committee meeting will kick off an extraordinary two months of policy decisions by the Federal Reserve in which we expect the…
Consumers spent more in March despite rising inflation
American consumers defied rising inflation and market uncertainties in March, continuing to spend more on goods and services as their wages increased and they…
RSM US Manufacturing Outlook Index: Decelerating growth as tensions mount
The RSM US Manufacturing Outlook Index is signaling the potential of further economic moderation from rising prices and slowing demand.
Failure to document value of services and payment in line with stock ownership key to disallowance
Taxpayers must properly document the value and reasonableness of management fees in order to sustain a deduction for payment of such fees to shareholders or related parties.
Chart of the day: Initial jobless claims ease amid tight labor market
New claims for jobless benefits fell by 5,000 last week to 180,000 as labor demand continued to be robust and layoffs remained historically low.
U.S. GDP declines by 1.4%: This is what an overheating economy looks like
Growth in the first three months of the year contracted at 1.4% pace as Americans turned to imports to meet torrid demand that is simply unsustainable.
Pending home sales fell back to pre-pandemic level amid rising rates
pending home sales fell 1.2% in March, declining for the fifth month in a row, as demand continued to slow due to high prices and rising mortgage rates.
Why the U.S. dollar is strengthening
Policy by the central bank, interest rate differentials and a risk haven move into U.S. dollar-denominated assets are driving up the dollar against major…
Auto lending compliance is changing course: How to prepare
Auto lending compliance is changing. Auto finance lenders need to be prepared for a more complex auto lending regulatory compliance landscape.
Interest rate update: Confidence in the Fed, but uncertainty over long-term growth
The Federal Reserve has started to normalize interest rates, lifting the short-term transaction cost off the zero bound. The result has been a 100-basis point…