By Diane Swonk, chief economist, Grant Thornton Much of the discussion surrounding the impact of trade wars focuses on the direct tax that tariffs place on economic activity and the collateral damage of a sharp slowdown or contraction in growth elsewhere in the world. The outcome is not pretty. Such actions could tip the U.S….
-By Diane Swonk, chief economist, Grant Thornton The Federal Open Market Committee (FOMC) meets on July 28-29. Most are expecting the Federal Reserve to stand pat as participants debate when and how to explain forward guidance and implement yield curve controls. The events of recent weeks have changed my view on forward guidance. Now is…
-By Mike Vanderbilt & Rachael Reinis of Baker Tilly In response to an increasingly complex data privacy regulatory environment, the National Institute of Standards and Technology (NIST) released version 1.0 of its Privacy Framework, subtitled “A Tool for Improving Privacy Through Enterprise Risk Management.” NIST intends the framework “to be widely usable by organizations of…
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By Patrick Henry, Tania Lynn Taylor & Krissy Davis of Deloitte At investment management firms, the COVID-19 pandemic has revealed areas that could be improved. Learn how active investment managers can use digital and advanced technologies to become more responsive and resilient. Key findings Active managers should be up to date with market actions and…
By Yelena Maleyev, Associate Economist, Grant Thornton New home sales, which record a sale at the contract signing, came in at an annualized rate of 676,000 in May. That’s an increase of 16.6% from April and 12.7% from May 2019. April sales were revised down by 43,000, meaning sales fell for three months in a…
By Diane Swonk, chief economist, Grant Thornton Durable goods orders surged nearly 16% in May after contracting more than 18% in April. A 27.5% jump in vehicle orders drove those gains. Primary and fabricated metals orders were not too far behind. Vehicle sales came back rapidly after dipping during the lockdown. Wealthy households were able…
By Diane Swonk, chief economist, Grant Thornton There are two kinds of changes that economists watch: Cyclical changes, which play out quickly, over as little as a few month’s time; and, Structural or secular changes, which can take years (or decades) to form and work their way through the economy. COVID-19 has laid bare many…
-By Diane Swonk, Grant Thornton The U.S. economy is at a proverbial fork in the road. Either we tame the COVID-19 virus and provide more support for households and firms ravaged by the humanitarian and economic effects, or we will suffer a deeper and longer recession. The push to reopen states before the pace of…
-By Baker Tilly COVID-19 has made an impact on all of our lives, and has changed what we have viewed as “the normal.” This includes our daily routines, where we spend our workdays and how businesses operate daily. The impact of working from home has been significantly assessed over the past few weeks. Some studies…
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