Economic Insights by Nationwide

Nationwide’s Chief Technology Officer Jim Fowler and Chief Economist Kathy Bostjancic discuss recent breakthroughs and economic trends related to AI and the impact this is having on business strategy. [NFM-22911AO]

The Monthly Review for September is now available. Hear perspectives and analysis from its contributors Ben Ayers, Oren Klachkin, and Daniel Vielhaber. Click here to view the Monthly Review: https://cm-email-assets.s3.amazonaws.com/images/ContactMonkey-User-I7uWDFlGQ9lOmRjnBdsVshi4XED6MkZS5MksodukZ1ovf8FSqAgI18u55aYIpKnDmWCld6jKitIATavftoClmktnJlI35SXiabnvE55ypnltT1TWwN1EQOJsjz0L2ugu/NWEcon%20Mont...

In its September meeting, the FOMC announced a cut in the fed funds rate of 50 bps - its first cut in over four years. Nationwide's Chief Economist Kathy Bostjancic and Head of Enterprise Portfolio Management Leo Svoboda analyze the Fed's announcement and provide our expectations for future rate cuts. [NFM-22911AO]

Nationwide Senior Economist Ben Ayers and Economist Daniel Vielhaber discuss the slowing trend in inflation and how this might impact the Fed's decision to lower rates. What areas are still seeing higher inflation? And is there any chance that some prices may decrease? If so, which sectors could see lower prices? [NFM-22911AO]

Nationwide's Chief Economist Kathy Bostjancic and Senior Economist Ben Ayers discuss the health of the labor market. How long could job growth continue to slow down? What does this indicate about the current state of our economy? And how might this impact the Fed's decision to lower rates? From the mailbag: What impact has immigration had on the labor market? [NFM-22911AO]

How could lower interest rates impact home sales? When could it become more affordable to buy a house again? Nationwide Senior Economist Ben Ayers and Economist Daniel Vielhaber share their outlook on the housing market, when mortgage rates could decrease, and the multiple factors impacting the inventory of new and existing homes. [NFM-22911AO]

Nationwide's Chief Economist Kathy Bostjancic and Senior Economist Ben Ayers provide an update on the current strength of the consumer, the impact of back-to-school spending, and the outlook for economic growth. [NFM-22911AO]

The Monthly Review for August is now available. Hear perspectives and analysis from its contributors - Nationwide economists Ben Ayers, Oren Klachkin, and Daniel Vielhaber. [NFM-22911AO] Click here to view the Monthly Review: https://cm-email-assets.s3.amazonaws.com/images/ContactMonkey-User-I7uWDFlGQ9lOmRjnBdsVshi4XED6MkZS5MksodukZ1ovf8FSqAgI18u55aYIpKnDmWCld6jKitIATavftoClmktnJlI35SXiabnvE55ypnl...

After many months of robust job gains, the labor market now looks to be losing steam. Small cracks in the labor market are widening, and the forward-looking data are not encouraging. Could this be the start of a recession? Chief Economist Kathy Bostjancic, Financial Markets Economist Oren Klachkin, and Portfolio Manager Corsan Maley discuss the disappointing labor report and its impact on the mark...

The Fed kept rates steady again at their July meeting, but signaled it's getting ready to loosen monetary policy. Policymakers now see the economy as being in a better place, with inflation on a more encouraging path and activity gradually cooling. Chief Economist Kathy Bostjancic and Financial Markets Economist Oren Klachkin discuss how monetary policy may change in the second half of 2024 and in...

How have the economy and financial markets performed in the first six months? Is inflation getting closer to the Fed's two percent goal? And what is the outlook for interest rate cuts and economic growth for the remaining months? Chief Economist Kathy Bostjancic, Senior Economist Ben Ayers, and Financial Market Economist Oren Klachkin provide their perspectives and outlook. [NFM-22911AO]

Inflation has settled into a markedly cooler trend in recent months. This has fueled speculation that the Fed could cut rates soon, especially with the labor market showing some early cracks. But is inflation truly on a sustainable path to a 2.0% trend? Nationwide’s Chief Economist Kathy Bostjancic and Senior Economist Ben Ayers discuss the latest inflation data and their outlook on fed funds rate...

In an economic roundtable discussion, Nationwide's Chief Economist Kathy Bostjancic, Chief of Investment Research Mark Hackett and Chief Investment Officer and Portfolio Manager Chris Graham share their mid-year update on the economy and financial markets, highlighting the headwinds and tailwinds that are impacting consumers and businesses the most. [NFM-23971M3]

Small business owners are at the heart of the U.S. economy. And many owners are juggling the stresses of running a successful business and planning for their future. In a recent Nationwide Retirement Institute® survey, we gained insights on business owners’ personal views on the economy, their business, and their retirement. Nationwide’s Chief Economist, Kathy Bostjancic and President of Nationwid...

Nationwide’s Chief Economist Kathy Bostjancic and Nationwide’s Head of Fixed Income Brad Beman discuss what a soft landing could mean for the economy and financial markets. [NFM-22911AO]

Senior Economist Ben Ayers and Financial Market Economist Oren Klachkin share their outlook on employment and discuss the sectors and locations where firms are still growing their workforce. What did we learn from the recent JOLTS figures? What is the current ratio of job openings to unemployed workers? [NFM-22911AO]

The economy continues to show strength, especially in terms of job growth and consumer spending. How does this align with recent corporate earnings reports? Has inflation or productivity improvements from AI technology had any impact on corporate performance?  Nationwide's Chief of Investment Research Mark Hackett and Financial Market Economist Oren Klachkin share their insights on GDP and recent...

How could rising inflation and credit card debt impact the travel industry this summer? And how much impact does travel have on the overall economy? Senior Economist Ben Ayers and Economist Daniel Vielhaber provide their outlook on the summer travel season. [NFM-22911AO]

Consumer prices posted another solid increase in April as inflation remains stubborn. The cost of services remains the biggest concern, with rental inflation still not cooling as quickly as projected. How big of a factor will rents be over the coming year? Senior Economist Ben Ayers and Financial Market Economist Oren Klachkin discuss the latest inflation outlook. [NFM-22911AO]

The 2024 hurricane forecast calls for 23 named storms – including 11 hurricanes. Nationwide’s Chief Economist Kathy Bostjancic and Nationwide’s President of Standard Commercial and Excess & Surplus Lines Russ Johnston discuss the economic impact of storms and how business owners can prepare for hurricanes. What is the economic impact from weather and climate disasters? What can business owners do...

Nationwide’s Chief Economist Kathy Bostjancic and Financial Market Economist Oren Klachkin discuss the Fed's decision to keep rates steady in May. Policymakers are still keen to lower interest rates, but the timing and extent of policy easing are somewhat unclear as economic activity remains buoyant and inflation isn’t falling as fast as they hoped. When do we expect to see lower rates and how muc...

The U.S. economy lost a little momentum in the first quarter, but the underlying trends remain solid. Spending by consumers remains the most buoyant part of the growth story, fed by strong job gains and rising incomes. Nationwide's Senior Economist Ben Ayers and Economist Daniel Vielhaber discuss the Q1 GDP data and share their outlook for rest of 2024. [NFM-22911AO]

Nationwide’s Chief Economist Kathy Bostjancic and Portfolio Manager and Head of Emerging Markets Rebecca Wilder share their global economic outlook amid geopolitical tensions and a record level of elections around the world this year. [NFM-22911M9]

What’s driving the higher-than-expected inflation readings? Nationwide’s Chief Economist Kathy Bostjancic and Financial Market Economist Oren Klachkin provide their analysis of March's CPI data and their outlook on Fed policy. [NFM-22911AO]

The latest edition of the quarterly NMI will launch April 10. Its author, Oren Klachkin, provides a sneak preview of the report and highlights key pages. To receive the quarterly NMI as soon as it launches, subscribe here: https://app.smartsheet.com/b/form/6038d7fb3c104d7fb6cdc4d2bebb10eb