Inflation, Interest Rates, and the Federal Reserve

Posted by IMEC on Sep 16, 2022 12:36:40 PM

This article is provided by ITR Economics in partnership with IMEC.

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A Macroeconomic Check-in

Posted by IMEC on Aug 26, 2022 2:40:45 PM

This article is provided by ITR Economics in partnership with IMEC.

US Real Gross Domestic Product (Real GDP) in the second quarter of 2022 came in 0.23% below the first quarter, marking two consecutive quarters of contraction and fulfilling the technical definition of a recession. While the word “recession” tends to elicit fear, we do not believe the current economic situation warrants significant concern. The decline was led by imports outpacing exports, changes in private inventory investment (not a reduction, but rather a smaller increase), lower fixed investment in residential and nonresidential structures, and a decrease in government expenditures and investments. However, core segments such as consumer spending, the labor market, and the industrial sector are on solid footing − more on this below.

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Consumer and Corporate Check Up

Posted by IMEC on Jul 22, 2022 8:26:03 AM

This article is provided by ITR Economics in partnership with IMEC.

Headlines today are full of recession fears, with mentions of falling stock prices, high inflation, and rising interest rates. To better understand whether we are actually headed toward a severe recession, let’s take a closer look at the underlying fundamentals in the economy.

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Beyond Headlines: What to Do With the Latest Economic News

Posted by IMEC on May 19, 2022 2:13:39 PM

This article is provided by ITR Economics in partnership with IMEC.

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Is a Recession Looming? A Strong US Consumer Suggests Otherwise

Posted by IMEC on Apr 21, 2022 11:54:51 AM

This article is provided by ITR Economics in partnership with IMEC.

Consumers and businesses alike are expressing increasing concern over the possibility of a recession for the US economy in 2022 or 2023. Analysts have referenced rising interest rates, high inflation, and a brief inversion of a portion of the yield curve, among other datapoints, as evidence that may indicate upcoming contraction. We at ITR Economics are here to cut through the headlines and reassure you that the US economy will grow through at least 2024 – we do not anticipate a recession until 2026. Our forecast for US Real Gross Domestic Product (GDP) calls for a general slowing growth trend to culminate in relatively flat GDP around early 2023. The pace of growth will then pick up steam into 2024.

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FOCUS ON QUALITY: Wagner Machine Co. Achieves ISO 9001:2015 and AS9100D Certification

Posted by Simone Erskine on Apr 14, 2022 10:28:43 AM

Champaign precision machine shop improves quality and processes, and sees an increase in new customers after achieving dual certifications for ISO 9001:2015 and AS9100D.

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The 6 Basics You Need for Successful Marketing

Posted by IMEC on Apr 6, 2022 11:44:55 AM

This article is written by Winsby.

From initial planning to analyzing the results

Marketing seems simple: you’re just spreading the word about your company, right? That doesn’t take much skill, right? Wrong and wrong.

Marketing requires more than just putting together an email or writing an ad. Marketing is a nuanced, multifaceted process that can overwhelm even the most successful business operators.

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Strategic Planning and Execution: The Guidepost for Business Success

Posted by Dean Harms on Mar 31, 2022 3:45:32 PM

Guidepost: A post, at the intersection of 2 or more roads bearing a sign for the guidance of travelers.

It’s the year 2022. The challenges now and over the next several years in manufacturing are significant. The landscape is everchanging with much of this driven by technological and societal change that is advancing us into the new frontier of the 4th Industrial Revolution. So just exactly how do we find our way? How do we focus and work on things that really matter? One thing is for sure, you can follow, or you can lead! And if you lead, what direction do you go and how do you stay the course? To begin, let’s think Strategic Planning and Execution.

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10 Important Insights About Advanced Manufacturing Technology Adoption in Illinois

Posted by IMEC on Nov 30, 2021 3:23:40 PM

In the spring of 2021, IMEC, Illinois Manufacturers Association (IMA), Technology & Manufacturing Association (TMA), and Valley Industrial Association (VIA) partnered with the W.E. Upjohn Institute for Employment Research to survey manufacturers about their adoption of Advanced Manufacturing Technologies and processes, achieving a phenomenal 87% response rate.

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BE THE CHANGE Part 2: Navigating your Corporate Environmental, Social, Governance (ESG) Journey

Posted by IMEC on Nov 1, 2021 1:16:12 PM

Part 1 to this blog discussed the importance of incorporating ESG into your business strategy for stakeholders including customers, employees, and investors. In this follow up, you will learn how and why ESG evolved from its Corporate Social Responsibility (CSR) origins, transcending the latter’s internal perspective with an outward-facing regimen of objective, measurable, stipulated standards to validate and verify reductions in impacts such as carbon footprint/output.

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