Stating “near-term risks to the economic outlook appear roughly balanced,” the Federal Open Market Committee (FOMC) elected to keep the target range for its influential federal funds rate between 0.75% and 1%, after a 25 basis point hike at the March meeting.
This morning’s release of the April manufacturing report from the Institute for Supply Management (ISM) adds to rapidly accumulating evidence that U.S. manufacturing is accelerating modestly from the 1% growth rut that it has been stuck in since 2012.
In his campaign, then candidate Trump threatened to “cancel” the Paris Agreement, in which the United States formally committed to reducing GHG emissions 26-28% by 2025. It seems the new administration is ready to make good on its word.
On February 24, 2017, a three-judge panel of the United States Court of Appeals for the Fifth Circuit issued a significant decision interpreting the anti-retaliation provision of the Fair Labor Standards Act (FLSA).
The March 2017 Manufacturing ISM® Report on Business®indicates another solid month for a manufacturing uptick. The ISM Purchasing Managers’ Index (PMI) came in at 57.2%, a 0.5 percentage point reduction from February 2017. The March data add to mounting evidence that U.S. manufacturing output performance is on track for moderate improvement up from the stagnant average growth rate of less than 1% that has plagued the factory sector since 2013.
The Manufacturers Alliance for Productivity and Innovation (MAPI) Foundation released its quarterly forecast, U.S. Industrial Outlook: Glimmers of Light. The forecast shows positive signs of global economic stability. Low interest rates and the likelihood of fiscal policies to increase growth suggest the United States will not face a recession. However, the forecast is still indicating only modest to moderate U.S. economic performance and limited manufacturing output growth.
Growth & Innovation, Research & Development, Research, Innovation, Operations, Information Technology
Germany and the U.S. continue to drive innovation around the Industrial Internet. The two countries are economic powerhouses and they are keenly aware of the importance of internet connectivity for business applications. Yet their approaches to harnessing it differ, as I documented in a 2015 report. What’s changed since then?