U.S. Economy is Strong Despite Geopolitical Uncertainty, Wells Fargo Says

The conflict in Ukraine is pushing already record-breaking inflation higher and adding to market volatility. However, the U.S. economy has shown strong signs of being able to weather the storm, according to the most recent Wells Fargo Weekly Commentary."U.S. financial exposure to Russia appears to be rather limited," Wells Fargo says. "… ...
Continue reading
0
  1091 Hits
  0 Comments
Tags:
nacmblog
Tweet
1091 Hits
0 Comments

Infrastructure Agenda Outlined During State of the Union Speech

President Joe Biden addressed plans for how the $1.2 trillion infrastructure budget, signed into law last November, would be used. The spending will be spread out over the next five to 10 years, according to the White House."America used to have the best roads, bridges and airports on Earth," Biden said during the State of the Union speech. "Now ou...
Continue reading
0
  1288 Hits
  0 Comments
Tags:
nacmblog
Tweet
1288 Hits
0 Comments

Russian Sanctions Coming from All Directions

Governments around the world are rolling out their own versions of Russian sanctions over conflict with Ukraine, as the two countries teeter on the brink of war. President Joe Biden officially called Russia's decision to deploy troops in eastern Ukraine "the beginning of a Russian invasion.""We will not allow Russia to claim the pretense ...
Continue reading
0
  1632 Hits
  0 Comments
Tags:
nacmblog
Tweet
1632 Hits
0 Comments

Fight Against Inflation Proves to be Complicated

Inflation rose to 7.5% last month, exceeding the 40-year-high record set in December. Typically, the Federal Reserve would raise interest rates to offset inflation. However, nothing about current inflation levels is typical."There's a confluence of factors …," David Wessel, the director of the Hutchins Center on Fiscal and Monetary Policy at the Br...
Continue reading
0
  1669 Hits
  0 Comments
Tags:
nacmblog
Tweet
1669 Hits
0 Comments

Protests Along U.S. and Canadian Border May Result in Multi-Million Dollar Loss

Protests along Ambassador Bridge, the busiest international crossing on the U.S. and Canadian border, could lead to shipping delays and more inflation, according to Morning in America. The fallout from these protests could land a major impact to the U.S. supply chain in particular.Both governments have indicated the automotive industry and agricult...
Continue reading
0
  1267 Hits
  0 Comments
Tags:
nacmblog
Tweet
1267 Hits
0 Comments

The U.S. is One Step Closer to a Digital Dollar

The Federal Reserve has been working to develop a U.S. version of a central bank digital currency (CBDC) that could be used in place of the paper dollar. The Boston Fed and the Massachusetts Institute of Technology (MIT) released the initial findings from research on a U.S. digital dollar last week.According to the report, the CBDC designed by the ...
Continue reading
0
  1422 Hits
  0 Comments
Tags:
nacmblog
Tweet
1422 Hits
0 Comments

US Calls for China to Meet Trade Deal Commitment

U.S. officials are calling for China to meet its commitment to purchase $200 billion in additional U.S goods and services during 2020 and 2021, according to multiple news reports. The agreement was set in place under "Phase 1" of the trade deal signed by former President Donald Trump.The U.S. government will release its full-year trade data tomorro...
Continue reading
0
  1263 Hits
  0 Comments
Tags:
nacmblog
Tweet
1263 Hits
0 Comments

Oil Prices Are Increasing, But Supply Is Not

Oil prices are hovering near $90 a barrel on average, its highest seen since 2014. The sudden cost increase is likely due to political tensions in Eastern Europe and the Middle East, and a supply shortage. Normally, prices this high would call for OPEC to significantly increase oil exports. However, during a meeting this morning, OPEC and...
Continue reading
0
  1501 Hits
  0 Comments
Tags:
nacmblog
Tweet
1501 Hits
0 Comments

Bottlenecks Extend to Multiple Ports Within the U.S.

Bottlenecks along the busiest ports of the West Coast are expanding to the Eastern side of the country, including South Carolina, New York and Georgia, according to news reports.The twin ports of Long Beach and Los Angeles handle about 40% of the U.S.'s inbound containers; and after receiving record amounts of imports in 2021, delays continue to pe...
Continue reading
0
  1300 Hits
  0 Comments
Tags:
nacmblog
Tweet
1300 Hits
0 Comments

Businesses Are Transitioning Away from Checks to Digital Payments, Report Shows

Paper checks continue to be the most popular form of business-to-business (B2B) payment. However, more companies are looking to make the transition toward digital payments than ever before, according to a recent report from the Association for Financial Professionals (AFP).Fewer paper checks are being processed today than reported in 2015, and ACH ...
Continue reading
0
  1687 Hits
  0 Comments
Tags:
nacmblog
Tweet
1687 Hits
0 Comments

Looting of LA County Railcars Exacerbate Supply Chain Woes

Supply-chain disruptions are widespread. Railcar thefts in Los Angeles County increased by 160% over the past year and 356% from last October compared with October 2020, according to news reports."This increased criminal activity over the past 12 months accounts for approximately $5 million in claims, losses and damages to Union Pacific," wrote Adr...
Continue reading
0
  1438 Hits
  0 Comments
Tags:
nacmblog
Tweet
1438 Hits
0 Comments

What China’s Slowing Economy Means for The Rest of The World

China's economy grew only 4% in the final quarter of 2021, the slowest pace seen since the second quarter of 2020, the New York Times reports. The stall in economic growth is likely due to a drop in property sales, slowed demand and Covid-forced shutdowns. Experts predict other economies will also lose momentum in the near future. "The snapshot of ...
Continue reading
0
  1556 Hits
  0 Comments
Tags:
nacmblog
Tweet
1556 Hits
0 Comments

China Cuts Interest Rate for the First Time in Nearly Two Years

China's central bank cut its interest rate on 700-billion-yuan ($110.19 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions by 10 basis points from 2.95% to 2.85%, according to news reports.While prices have remained stable for China, policymakers are likely to shift their focus toward boosting growth,...
Continue reading
0
  1301 Hits
  0 Comments
Tags:
nacmblog
Tweet
1301 Hits
0 Comments

Global Growth Expected to Slow and Hurt Developing Economies

The global economy had a strong initial rebound following the start of the pandemic. However, as the Omicron variant continues to rapidly spread, the economy is entering a slowdown phase, the World Bank reports."Global growth is expected to decelerate markedly from 5.5 percent in 2021 to 4.1 percent in 2022 and 3.2 percent in 2023 as pent-up demand...
Continue reading
0
  1748 Hits
  0 Comments
Tags:
nacmblog
Tweet
1748 Hits
0 Comments

Nonresidential Construction Employment Expands As Construction Industry Unemployment Ticks Higher

The construction industry recovered 92.1% of the jobs lost during earlier pandemic stages and added 22,000 new jobs in December, according to U.S. Bureau of Labor Statistics data.Nonresidential construction employment added 27,000 jobs in December: 12,900 in nonresidential specialty trade 10,400 in heavy and civil engineering 3,700 in nonresidentia...
Continue reading
0
  1562 Hits
  0 Comments
Tags:
nacmblog
Tweet
1562 Hits
0 Comments

Supply-Chain Woes Fading, New Indictor Shows

A new barometer from the New York Federal Reserve, called the Global Supply Chain Pressure Index (GSCPI), indicates supply-chain issues may be peaking and could start to moderate. The Fed's new gauge uses different factors to track supply-chain snags, including the Baltic Dry Index, which tracks the cost of shipping materials, and the Harper I...
Continue reading
0
  1090 Hits
  0 Comments
Tags:
nacmblog
Tweet
1090 Hits
0 Comments

Retail Sales Grew at Rapid Pace Despite Supply Chain and Omicron

This holiday season, sales rose at the fastest pace in 17 years, according to the Business Mirror. Despite inflation, shortages and the new Covid-19 strain, US holiday sales grew 8.5%, the news outlet reported.According to Mastercard SpendingPulse, clothing sales rose 47%, jewelry 32% and electronics 16%. "I feel really good about how the seas...
Continue reading
0
  1396 Hits
  0 Comments
Tags:
nacmblog
Tweet
1396 Hits
0 Comments

Will the Omicron Variant Dampen Economic Recovery?

Businesses and consumers are watching closely as the highly contagious Omicron variant raises new questions about economic recovery. Will the new variant force shutdowns like seen in the early days of the pandemic? Will Omicron feed the inflation fire or cool things off instead? "These mutations keep coming," Robin Brooks, chief economist at the In...
Continue reading
0
  1736 Hits
  0 Comments
Tags:
nacmblog
Tweet
1736 Hits
0 Comments

Report Shows Steady Growth for Global Trade Finance from 2021-2026

After experiencing moderate growth from 2015-2020, the global trade finance market is projected to grow by 3.7% from 2021-2026, according to IMARC's latest report, Trade Finance Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026. This prediction may change as the pandemic continues to be tracked and evaluated as ...
Continue reading
0
  1620 Hits
  0 Comments
Tags:
nacmblog
Tweet
1620 Hits
0 Comments

U.S. Congress Raises Debt Ceiling, Avoiding Default Until 2023

The House and Senate voted this morning to increase the federal debt ceiling by $2.5 trillion, allowing the U.S. government to avoid default until early 2023, according to government officials. The vote was made just hours before the deadline that the U.S. government risked breaching its debt limit, said Treasury Secretary Janet Yellen.Th...
Continue reading
0
  1335 Hits
  0 Comments
Tags:
nacmblog
Tweet
1335 Hits
0 Comments
       
1 2 3 4 5 6 7 8 9 10