KPMG Economics
A source for unbiased economic intelligence to help improve strategic decision-making.
What’s impacting labor market participation? Why are some sectors faring better than others? How do you separate the signal from the noise? KPMG Economics answers these questions and more, providing timely insight and analysis into the economic indicators. We monitor trends and identify potential opportunities that could impact your strategic objectives. Our perspectives look at both the short-term and long-term economic factors that are critical to guiding strategic decisions.
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Global Navigator from KPMG Economics
Tariffs stunt global growth: Financial system instability is showing
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Navigating increasingly complex supply chains: Five trends shaping the economic landscape
Steering Through Tariffs, Tech & Turbulence.
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Birds of a feather no longer flock together
The Fed splits over timing & size of rate cuts.
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Headlines mask weakness and inflation surge
Brace for fireworks.
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Wars of the Roses: Structural change watchlist
AI will eventually help to mitigate inflationary shocks by boosting productivity growth.
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Construction in the crosshairs: Downside risks via shifts in trade and immigration policy
Immigrant workers helped cool excessive wage growth.
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The care crisis: Eldercare collides with childcare
The advent of GenAI and the ways it can upskill formal care providers should reduce costs and improve care.
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KPMG Economics distributes a wide selection of insight and analysis to help businesses make informed decisions.
Economic Coordinates
Explore analysis of key data indicators, such as job creation and the labor market, consumer spending, inflation, investment, housing and monetary policy. These combined data points are indicators of the overall health of the economy.
No results found.
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Retail sales beat expectations
Sales rose even outside of autos.
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Household net worth climbs with stock market
The positive wealth effect is helping to drive consumption.
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Pricing pressures intensify in August
Inflation and unemployment are creeping up in tandem.
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Consumers took on more debt this summer
Serious delinquencies (90+ days) are rising, particularly among young and low-income borrowers.
No results found.
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Fewer job openings across states
Little churn in the labor market.
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Labor market chill worsens
Churn in the labor market has come near to a standstill.
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Tenuous balance in the labor market
Low hiring continues to be offset by low layoffs.
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Payrolls remain subdued
Government jobs are shifting sectors.
No results found.
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Powell corrals the cats
A “risk management cut”
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Fed cuts rates cautiously
Dissents in two directions.
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Fed split over rate cut decision: No signals on a September cut
The challenge for the Fed would be a deterioration in employment.
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Brace for dissent
The pandemic inflation is still smoldering.
No results found.
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Housing construction slowed again in August
Sidelined homebuyers face unaffordable market.
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New home sales down 8.2% year-over-year
Over nine months' supply of housing is on the market.
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Headline figures mask weakness in housing
Affordability challenges are compounding.
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New home sales moved sideways in June
Home builders are increasingly pessimistic about sales conditions.
No results found.
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Weak utilities combined with soft manufacturing
Apparel hit by de minimis change.
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Trade deficit widens
The deficit nearly doubled with China.
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Construction spending down three months in a row
Falling home values will dent wealth effects.
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Headline durables gave back gains
Broad-based gains for the month.
No results found.
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Uncertain economic outlook sways bankers
Lending standards are becoming tighter.
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Access to business loans tightens
A less favorable economic outlook
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Banks are tightening credit
Banks tightened lending standards at year-end.
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Loan demand weakens
There is reason for the Federal Reserve to further cut interest rates.
No results found.
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Central Bank Scanner: Fed weighs joining rate cutting cycle
Fiscal stimulus will pick up across Europe in 2026.
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Latin America slows in the second half of 2025
Tariffs are the wild card.
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Look for weaker growth in Latam in 2025
Fiscal sustainability remains a concern.
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Five key considerations as US faces port strike
45,000 dockworkers on the East Coast and Gulf Coast are poised to strike on October 1st unless a last-minute deal is brokered.
Global Economic & Geopolitical Outlook webcast
Get ready for the Global Economic & Geopolitical Outlook webcast on September 24! Join KPMG global regional chief economists and senior advisors as they unpack the latest monetary policy decisions from global central banks, policy shifts, trade impacts and what’s ahead for the global economy. Don’t miss this essential Q4 strategy session—register now and stay informed.
KPMG Economics in the news:
- Expect fiery outcomes from Fed’s Jackson Hole conference this week
The Producer Price Index is up 0.9%, the biggest jump since 2022. This is pushing fears that tariffs are reigniting cost pressures through the supply chain and onto businesses and consumers. “The PPI shock complicates the Fed’s path,” said KPMG chief economist Diane Swonk. “Rate cuts are on the table, but the inflation stickiness makes a big move risky.”
August 18, 2025 | TheStreet
- U.S. inflation holds steady at 2.7% in July despite Trump’s tariffs
Diane Swonk, chief economist at KPMG, said rises in U.S. inflation in recent months, especially in import-reliant categories such as tools, appliances and furnishings, showed that “the tariffs have begun to bite.” “We expect more price increases” as companies begin to raise prices, she said, adding: “This is only the beginning.”
August 12, 2025 | Agence France Presse
- Trump warns courts not to block tariffs
KPMG chief economist Diane Swonk breaks down the fallout from President Trump’s latest tariffs, which took effect Thursday.
August 08, 2025 | ABC News Now
- Jobs report preview & immigration policy's impact
KPMG chief economist Diane Swonk joins Yahoo! Finance ‘Market Domination’ with Josh Lipton to discuss what to expect from Friday's jobs report and how President Trump's crackdown on immigration has impacted labor data so far.
July 31, 2025 | NPR Marketplace
Subscribe to insights from KPMG Economics
KPMG Economics distributes a wide selection of insight and analysis to help businesses make informed decisions.
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