Read this preview of what to expect from Friday’s report on April employment. Analysis is by labor economist Diane Swonk KPMG US
kpmg.com/us/en/articles…

Read this preview of what to expect in this week’s FOMC meeting from Diane Swonk KPMG US
kpmg.com/us/en/articles…

🔥Inflation internals hot, spending stronger than inflation-adjusted incomes and savings drained to lowest pace since fall 2022 when consumers were using their savings to cushion blow. Debt is being leveraged but defaults have not risen with delinquencies as borrowers still have…

“Inflation is hot, it’s getting sticky and more broad based,” said ⁦Diane Swonk⁩, chief economist at ⁦KPMG US⁩ to @ft “Those are three things the Fed doesn’t want.” on.ft.com/3UzKyNC

Inflation looks hotter according to the PCE report. Read Diane Swonk’s analysis here: kpmg.com/us/en/articles…

'It is a huge shift because all of a sudden 'higher for longer' could mean another hike,' said @dianeswonk chief economist at KPMG US. For now, she said to Ben Casselman The New York Times, the Fed is stuck in 'monetary policy purgatory.' #GDP

Weaker-than-expected GDP figures for the first quarter arrived with inflation in the services sector. KPMG US chief economist @dianeswonk explains how that combination could complicate the Federal Reserve's job. kpmg.com/us/en/articles…

Momentum & heat

Real GDP rose at a 1.8% pace in the first quarter, a sharp slowdown from the 3.4% pace of the fourth quarter. Much of that slowdown could be attributed to a widening of the trade deficit, a DROP in federal spending and a further liquidation of inventories. The…

Listen to @marketplace morning report to hear KPMG US chief economist @dianeswonk explain what the weaker-than-expected growth figures could mean for the Federal Reserve and interest rates.

Take a look at this analysis of durable goods orders written by KPMG US senior economist Ken Kim. Durables give us a hint of business spending plans.
kpmg.com/us/en/articles…

Read what my colleague, Yelena wrote about the US housing market this morning: Strength in demand, despite high rates. kpmg.com/us/en/articles…

Take a look at this analysis of the housing market written by my colleague, Yelena, one of our senior economists at KPMG US. kpmg.com/us/en/articles…

The inflation numbers took the markets by surprise this morning. Read this analysis by my colleague, senior economist Ken Kim to see why.
kpmg.com/us/en/articles…

Read what labor economist @dianeswonk wrote about the March jobs report here. kpmg.com/us/en/articles…

Watch @cnbc in one hour to hear labor economist Diane Swonk’s analysis of the jobs report.

Upside surprise in nonfarm payrolls as predicted by labor economist Diane Swonk KPMG US yesterday

Listen to Marketplace morning report to hear labor economist Diane Swonk KPMG US tell us her forecast for tomorrow’s jobs report.

Read this analysis of construction spending from my colleague Yelena here at KPMG US. It includes residential, commercial and public construction.
kpmg.com/us/en/articles…

Read this shortcut for what to expect from the March jobs report on Friday. Labor economist @dianeswonk KPMG US knows her stuff. kpmg.com/us/en/articles…

For spot-on analysis of personal income and spending data, including the all-important inflation numbers, read what KPMG US chief economist Diane Swonk wrote here: kpmg.com/us/en/articles…