As uncertainty swirls around the global economy amid a shifting trade landscape, the world’s major central banks are taking divergent paths on interest rates, writes RSM US Chief Economist Joe Brusuelas in the July-August issue of The Real Economy. Brusuelas, along with RSM's global team of economists, offers RSM’s forecast for global central banking in the second half of the year, including analysis from England, India and Australia.
Also in this issue, Brusuelas analyzes how the rising uncertainty is prompting investors to question the soundness of the American dollar and dollar-based assets, and examines the impact on global supply chains and energy markets.
In the United States, the Federal Reserve will have to determine whether tariffs will be a one-time price shock or turn into sustained inflation. But in Europe and elsewhere, central bankers will be dealing with the risks of slowing growth and disinflation caused by the tariffs, which will only add to the pressure to cut rates.
Finally, in our Market Minute series, Brusuelas and RSM Canada’s Tu Nguyen look at indicators of a global economy in transition, from the price of a can of green beans to the value of the U.S. dollar to the impact of tariffs on Canada.
Read our global team’s analysis of these topics in the latest edition of The Real Economy.
Numerous regulations are making sustainability a larger compliance issue.
Tax incentives are one part of companies’ broader decarbonization efforts.
Training is the most common action taken toward compliance, but also the top hurdle.
The Real Economy Blog was developed to provide timely economic insights about the middle market economy. It is offered as a complement to RSM’s macroeconomic thought leadership, including The Real Economy monthly publication and the proprietary RSM US Middle Market Business Index (MMBI).
Middle market organizations, which make up the “real economy,” are too big to be small and too small to be big. They have distinct challenges and opportunities around resources, labor, technology, innovation, regulation and more.
