The economy grew at a moderate pace in Q4 2023, with inflation ticking up slightly in March, with core CPI rising 3.8%. U.S. consumer sentiment remains stable, with steady spending despite some pockets of weakness. Disposable...more
November marked a pivotal turn in consumer sentiment, which surged by 13%, erasing four consecutive months of decline. The increase was primarily fueled by optimism surrounding U.S. inflation improvements and sets a promising...more
In October 2022, I circulated “An In-Depth Examination of Inflation Relief for a Government Contractor[.]” Much has occurred since. Inflation remains an acute problem. In turn, contractors and subcontractors continue...more
Retail sales increased 8.0% in October, exceeding the CORE CPI of 6.3%; and monthly retail sales were up .9% over September totals, exceeding the monthly inflation index of .4%, but much of this gain was due to inflation...more
Inflation is generally down from 2021, but is still high in too many places, and is expected to persist in 2023. With inflation eroding value for this long, a Government contractor may need to obtain contract relief. ...more
This news summary is provided by Foley’s Competitive Intelligence Team to inform business leaders of recent news and developments relevant to the Manufacturing Sector. ...more
Key Developments - The sixth installment of Foley & Lardner’s Supply Chain Disruption Series addresses some of the factors to consider pertaining to intellectual property licensing in supply agreements. Click here to...more
Charter schools have experienced some of the highest enrollment growth due to pandemic-related factors influencing how we rethink education. As a result, there continues to be significant increase in the renovation and...more
The U.S. economy is grappling with the highest inflation in decades, with extensive inflation in the supply chain affecting companies worldwide. Supply chain disruptions undoubtedly have contributed to rising inflation, as...more
After years of large retailers and malls struggling prior to the COVID-19 pandemic and the most vulnerable retailers filing for bankruptcy relief in its immediate wake in early 2020, the US economy rebounded strongly with the...more
In 2021, the Consumer Price Index jumped 7%, the largest yearly increase since 1982. The monthly increase in December 2021 was the largest in 40 years. Most economic experts believe that this inflationary period is a result...more
The IRS has announced it will be adjusting income thresholds for federal income tax brackets in 2022. Typically, the IRS raises thresholds to keep pace with consumer prices, however October’s year-over-year increases of...more
Thursday’s highly anticipated Consumer Price Index update showed that prices “rose in May at the fastest rate since 2008, a bigger jump than economists had expected.” The 5% increase comes as prices “are rising for many goods...more
As we previously wrote about on the blog, the availability of all forms of transportation has become more limited during the pandemic—cars, bikes, even scooters. The latest category to feel the squeeze is used car sales. ...more