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.
Global Navigator from KPMG Economics
Anatomy of an oil shock
Navigating policy purgatory: Inflation and the challenge for the Fed
The central banker’s worst nightmare is to cut rates, then have to raise them.
Momentum & heat
Acceleration in spending in the service sector stood out.
KPMG Global Economic Outlook
A prospective outlook on the global economy.
Industry Insights with KPMG Economics
Discussions around the latest trends and what the future might hold across key industries with Chief Economist Diane Swonk
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.
Consumers took on less debt
More vulnerable households have begun defaulting.
Retail sales disappoint
Consumers pulled back in April from their big spending push in March.
Inflation eases in April
The April CPI report brought better news on the inflation front.
Consumer credit is expanding
Higher rates have kept many from purchasing vehicles.
Job openings largely limited to a few states
Wages are continuing to cool for job stayers, whereas the premium for job changers has reversed course and moved up again.
April showers
The first rate cut is still expected in December.
Forecasting higher payrolls in April
The unemployment rate is expected to hold at 3.8%.
Hiring accelerates in early 2024
The labor market is still humming, generating strong job and income gains, which will support consumer spending.
A pregnant pause
No rate cuts are imminent, barring an “unexpected weakening” in the labor market.
Monetary policy purgatory
Data since the Fed's last meeting has come in hotter.
Powell stays the course
The Fed no longer believes that a recession is necessary to get inflation down.
Debate likely to flare in March
Doves worry that the Fed could overshoot on hikes.
Higher rates hit builder margins
Builders are still seeing strong present sales, but their expectations for the future have turned down.
New home sales jumped in March
The spring home buying season has kicked off but is being hampered by low supply and the highest mortgage rates since November.
March housing starts retreat
Builders continue to offer incentives to offset higher mortgage rates.
Weak auto production
The weakness in motor vehicle output was a dampening factor for overall industrial activity in April.
Falling exports helped push up trade deficit
Holding inventories remains expensive.
Residential and nonresidential construction dragged in March
The concern is the slower glide path toward interest rate cuts.
Durable goods meet expectations
Transportation orders were the key source of strength.
Bank lending standards ease in Q1
Nearly all banks cited less favorable or more uncertain outlooks for CRE.
US financial stability risks
Policy uncertainty remains a key concern for us.
Bank lending standards ease slightly
We are moving away from peak restraint when conditions were the tightest in the first half of 2023.
Taking fewer chances
Banks tighten credit for consumers and small to mid-size businesses.
Webcast
Watch our June 18, 2024 Quarterly Economic Outlook with Chief Economist Diane Swonk
KPMG Economics distributes a wide selection of insight and analysis to help businesses make informed decisions.