Mixed Signals (CONT’D FROM PAGE 16)
apexinternational.com
was primarily due to a 2.6 percent drop in energy prices. Food prices fell 0.3 percent, and prices for goods exclud- ing foods and energy remained unchanged. More than 60 percent of the decrease in goods prices was due to a 5.8 percent drop in gasoline prices. According to the University of Michigan Consumer Sen- timent Index (Preliminary), consumer sentiment remains stable for the second consecutive month. July’s index is two points lower than the previous month, well within the margin of error. Although sentiment is more than 30 per- cent higher than the June 2022 low, it remains subdued, with nearly half of consumers worried about high prices, even though they expect inflation to moderate in the com- ing years. The upcoming election adds to economic un- certainty, but the first presidential debate does not seem to have changed consumer perspectives significantly. Year-ahead inflation expectations dropped to 2.9 percent for the second month in a row, and long-term expectations also fell slightly to 2.9 percent, remaining stable compared to the pre-pandemic range of 2.2–2.6 percent. Mesirow Promotes Weil, Yermack As Co-Heads Of Packaging Chicago, Illinois based Mesirow, an independent, employ- ee-owned financial services firm, announced the promo- tion of Rick Weil and Melanie Yermack to Co-Heads of
Precision Anilox & Glue Roll Technology
Packaging for Mesirow Investment Banking. Together they will drive packaging sector strategy and con- tinue to serve a growing base of cli- ents through their extensive industry expertise, strong relationships, and commitment to service. “I am excited for the opportunity
Melanie Yermack
to drive continued growth for our Packaging team,” said Rick Weil. “Our team is dedicated to serving our clients with integrity, hard work, and excellent outcomes.” With more than 40 years of combined investment bank- ing leadership and experience, Rick and Melanie have built a strong reputation for success, excellent execution,
and bold advocacy for clients. “We are proud to be one of the most ac- tive M&A advisors to the packaging sector,” said Melanie Yermack. “Me- sirow’s Packaging team maintains deep relationships across the pack- aging landscape, which have re- sulted in a long history of delivering
Rick Weil
successful outcomes for clients. I look forward to further partnering with Rick and continuing to grow our presence in the middle market through hard work and dedication to our clients.”
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www.boardconvertingnews.com
July 22, 2024
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