The Real Economy: Economic Headwinds and the Middle Market

Consumer spending, bolstered by trillions in excess savings built up during the pandemic, has been a pillar of the American economy as it has recovered in recent years. But there are signs that this resilience is fading. This issue of Real Economy looks at the economic headwinds that are gaining strength in the middle market and at the changing economic landscape. RSM Chief Economist Joseph Brusuelas starts off with a look at the U.S. dollar and, despite talks of its decline as the world’s reserve currency, makes the case that calling for an end to the dollar preeminence is premature at best.