Near-Term Recession Threat Diminished

On this week's episode of Extra Credit...🚨 Don't sound the recession alarm quite yet!🎙 A recession likely won't occur until later than originally expected, said NACM Economist Amy Crews Cutts.That's what the latest CMI report is saying! 
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Threat of Recession is Diminished

​Economists now expect a U.S. recession to occur later this year than previously forecasted after several reports point to signs of economic resiliency. "We have a hard time believing the economy is in recession today, given a strong labor market and corporate earnings growth," Tim Holland, chief investment officer at Orion Advisor Solutions told F...
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Unemployment Falls but Recession Fears Remain

Economists predict a slowdown in U.S. labor market activity this year with the continued battle of inflation and a looming recession. The current unemployment rate fell slightly lower to 3.4% in January, per the Bureau of Labor Statistics—and despite recession fears, the unemployment rate has remained historically low between 3.5 to 3.7% since Marc...
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Get Promoted Without Leaving Your Company

🎯 Hardworking employees naturally seek promotions and raises as a reward for their contributions. But sometimes it can be challenging to make large career jumps at the same organization.🎤 Hear tips from Eve Sahnow, CCE; JoAnn Malz; and Jason L. Mott, CCE on today's episode of NACM's Extra Credit podcast! 
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Recession Fears Remain Despite Cooled Inflation

The Federal Reserve's aggressive interest rate hikes seem to have helped cool inflation, but many businesses still feel the strain of high prices—and some economists believe a recession is the only way to bring inflation down to the 2% goal.The Consumer Price Index (CPI) measured at 6.4% year-over-year in January, a slowdown from the 7.1% in Novemb...
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Looking Forward to Learning More

I finished NACM's Business Credit Principles course last week and received the certificate! As I submitted my very last quiz, I felt a great sense of accomplishment. The same feeling I'd get when I would run through the finish line in a track race—I would take the time to build my stamina and pace, then give it my all at the very end. As someone wh...
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Sales Plummet but Credit Lines Increase, CMI shows

☀ Good morning! Get your day started with today's episode of NACM's #ExtraCredit podcast!👂 Hear from NACM Economist Amy Crews Cutts as she talks about the January CMI report ... and why she is concerned to see sales drop as credit lines increase--a sign that inflation is taking its toll on businesses.
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Journal Entry #2: Challenging Myself to Learn More

As I continue along in my Business Credit Principles journey, the concepts are starting to stick. Each concept directly or indirectly ties into the bigger picture of B2B credit. As I approach the halfway mark of the course, I am diving into the legal side of credit along with the historical context of how and when certain laws were formed.I've noti...
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Journal Entry #1: Grasping the Core Concepts of Credit

​I've been working here at NACM for roughly six months now as an editorial associate. I recently started working my way through the Business Credit Principles course so I could gain a better knowledge of the B2B credit topics I write about. As someone who does not have a background in credit, this course has been a lifesaver.I'm only a few modules ...
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Late Payments Are Rising, When Should You Follow-Up With Customers?

🎙 Today's Extra Credit podcast features a NEW host ... NACM's Kendall Payton! We are so lucky to have her on our Editorial Team!🔥 This is an episode you won't want to miss! Learn about the latest payment trends from Adam Ross, CCE; Matthew Laux; and Martin Smith with Ash Grove Cement Company. 
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European Energy Crisis Expected to Last for 2023

​The energy crisis in Europe is far from over. A recent report from the IEA stated Europe could face a major natural gas shortage of 27 billion cubic meters this year, nearly 7% of the region's annual consumption, according to CNN Business.Despite Russia's cut-off of its energy supply to Europe, the energy crisis has been kept at bay thanks to warm...
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COVID Surge in China Dampens Economic Growth

Despite the potential for growth in 2023, the road to recovery for China's economy won't be a straight path. China lifted many restrictions under its zero-COVID after roughly three years—resulting in a surge of cases across the country. Strict COVID lockdowns dampened economic growth and hurt global supply chains, but now the surge in infections is...
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Bank of Japan Makes Surprise Monetary Policy Change

Japan's unexpected turn on its monetary policy has rattled global markets as the Bank of Japan (BoJ) loosened its 10-year yield curve cap. "The Bank of Japan caught markets off guard by tweaking its yield controls to allow the yield on its 10-year JGB to move 0.5% either side of its 0% target, up from 0.25% previously, in a move aimed at cushioning...
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Mashup: Communication, Payment Portals and Supply Chains

 🎙 On this week's episode of Extra Credit, we have a mashup of three important topics!📣 How best to communicate the urgency of payment to customers with Yazmin Yepez. 💻 Tips for easing the pain of customer payment portals with Kimberly Tatum. 🚢 Why knowledge of the supply chain is no longer optional in B2B credit with Shaun Papperman...
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Inflation is Slowing, But Not Enough for Fed

The Consumer Price Index (CPI) report revealed a 7.1% rise in prices year over year in November, down from 7.7% in October and the 9.1% peak in June, according to the U.S. Bureau of Labor Statistics. This is the fifth straight month prices have declined, but experts are hesitant to start celebrating too soon."Even if inflation is waning, the global...
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November's Strong Job Report is Bad News for the Economy

Despite high interest rates and recession concerns, the hiring market remains strong—with up to 263,000 new jobs added in November and a steady unemployment rate of 3.7%, according to a report from the Bureau of Labor Statistics.The results of the latest job report make the Fed's fight against inflation more challenging. The latest data could force...
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Fed Expected to Continue Rate Hikes, Recession Fears Grow

Even with some easing in recent months, inflation remains well above the Federal Reserve's target range of 2%. The Fed has aggressively raised rates this year and they don't plan to let off the gas any time soon. "Two of the Fed's regional presidents, John Williams and James Bullard, warned on Monday that the inflation threat hasn't faded," reads a...
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A National Rail Strike is Closer than Ever

​The largest rail union, SMART-TD, voted against a tentative agreement on Monday, once again raising the likelihood of a nationwide rail strike. The Brotherhood of Maintenance of Way Employes (BMWED) is set to strike on Dec. 5, but said it would extend the cooling-off period if larger unions voted not to ratify the deal, according to CNBC.Sick time...
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Top Qualities to Look for When Hiring Credit Staff

🎤The latest episode of Extra Credit is ready for listening! Hear about what qualities credit professionals look for in new credit staff.
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Inflation Pressures Ease in the US

Both consumer and wholesale prices eased in October, according to the Bureau of Labor Statistics. The Consumer Price Index slowed to 7.7% year over year, down from 8.2% last month, resulting in Wall Street's largest boost since 2020, per CNN Business. And prices at the wholesale level rose 8% year over year, down from 8.4% in September—the fourth s...
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