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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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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.

KPMG Economics in the news:

  • Home sales in the South drop as housing market stalls
    "Almost two-thirds of builders are offering some form of sales incentives, which include mortgage rate buydowns," Yelena Maleyev, KPMG's senior economist, said. "This is one of the reasons behind the divergence in sales activity between new and existing homes." The mortgage rate outlook for the rest of the year depends on when the Fed starts cutting rates, she added. "The concern is mortgage rates and how they respond to changing market conditions," Maleyev said. "If inflation and employment data continue to come in stronger than expected, then expectations for interest rate cuts by the Federal Reserve will be pushed out into later in the year. Upside surprises to economic data will keep mortgage rates elevated as well, dampening demand.”
    February 26, 2024 |  Newsweek
  • Rising import prices put pressure on slowing inflation 
    Rising import prices in the US, including consumer goods and fuel, are causing economic concern. KPMG's senior economist, Meagan Schoenberger, warns that while the economy is currently on a deflationary path, the increase in import prices could indicate an early reversal. She also notes that high service prices, coupled with rising goods prices, could lead to more persistent inflation this year. Schoenberger will be closely watching future import price trends» Recession has struck some of the world’s top economies.
    February 18, 2024 |  Marketplace
  • Housing market gets more bad news 
    Federal Reserve Chair Jerome Powell says the fed held interest rates steady for a fourth straight meeting and signaled an openness to cutting them. Powell threw cold water on investors’ hopes that reductions would begin in March. Tom Keene, Lisa Ambramowicz and Jon Ferro discuss the market implications with Diane Swonk, chief economist at KPMG.
    February 16, 2023 | Newsweek
  • Inflation Hit Hotter, Faster Than Expected in January 
    HStarting the new year off hot. Inflation accelerated for the second straight month and came in at a faster than expected pace across the board--giving little reason for the Federal Reserve to start cutting rates soon. The Consumer Price Index increased 0.3 percent in January, after ticking up 0.2 percent in December, according to a U.S. Bureau of Labor Statistics report released Tuesday. "The Fed has warned that it needed more proof that inflation was cooling before cutting rates," wrote KPMG chief economist Diane Swonk on X. "We are not close enough to pop Champaign corks. Our forecast for the first rare cut in June stands--we only expect three cuts this year.”
    February 13, 2023 | Inc.
  • Fed Officials Eye ‘Broadening’ Disinflation as New Rate-Cut Test   
    The annual CPI revisions released Friday confirmed the inflation progress made at the end of last year, relieving a concern Fed Governor Christopher Waller had previously flagged. Economists also noted a brighter picture for so-called supercore services, which exclude energy and housing. Fed Chair Jerome Powell and his colleagues have cited the importance of such a measure to assess the nation’s inflation trajectory, though they compute it based on a separate index. Some officials worry premature easing, if followed by another round of accelerating inflation and then a hike in rates, could hurt public confidence and unmoor inflation expectations. Atlanta Fed President Raphael Bostic has said that a reversal would be the worst outcome for policy. “You could have a reacceleration in inflation — that’s the risk,” said Diane Swonk, chief economist at KPMG. “They’re hedging and they feel that they have latitude to hedge against that risk given how strong the economy is." 
    February 12, 2024 | Bloomberg
  • Housing Market Makes a Comeback
    Analysts say that the increase in home loan balances is a sign of a rebound for the mortgage market after rates soared to two-decade highs in November. "We are starting to see more demand come online as mortgage rates have fallen from that near 8% average at the end of October," Meagan Schoenberger, a senior economist at KPMG, told Newsweek. An increase in construction has helped improve supply which has been a particular challenge of the housing market. The declining rates, which are now in the mid-6% range, have sparked activity, Schoenberger said, particularly among Millennials. "Millennials are aging into their prime home buying years. So you can imagine, the lower that mortgage rates go, the more of those folks are going to be coming online to buy houses," she said..
    February 07, 2024 | Newsweek
  • Powell Finds Avoiding Political Pitfalls a Tough Task in 2024
    Analysts say that the increase in home loan balances is a sign of a rebound for the mortgage market after rates soared to two-decade highs in November. "We are starting to see more demand come online as mortgage rates have fallen from that near 8% average at the end of October," Meagan Schoenberger, a senior economist at KPMG, told Newsweek. An increase in construction has helped improve supply which has been a particular challenge of the housing market. The declining rates, which are now in the mid-6% range, have sparked activity, Schoenberger said, particularly among Millennials. "Millennials are aging into their prime home buying years. So you can imagine, the lower that mortgage rates go, the more of those folks are going to be coming online to buy houses," she said..
    February 06, 2024 | Bloomberg

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