Economy

ELFF: Q3/2019 Update Forecasts 2.5% GDP Growth

After two consecutive years of solid growth, equipment and software investment growth is likely to slow in 2019 to 3.9%, according to the Equipment Leasing & Finance Foundation. read more

Fed Plans to Maintain 2.25-2.50% Funds Rate

Information received since the Federal Open Market Committee met in May indicates that the labor market remains strong and that economic activity is rising at a moderate rate. read more

Middle Market Confidence Stays Strong Despite Economic Uncertainty

According to Umpqua Bank’s latest survey, middle market companies across the Western U.S. remain bullish on growth prospects well into 2020, even as they confront near-term economic uncertainty. read more

IHS Markit Report Shows Softened Economy

Reuters reported that the IHS Markit U.S. manufacturing purchasing managers index (PMI) had a reading of 50.1, its lowest since September 2009. read more

Fed Signals Lowered Interest Rates May be Coming Later in the Year

According to the Washington Post, the Federal Reserve has signaled a willingness to cut interest rates among signs of a slowing economy and ongoing trade uncertainty. read more

Fed: U.S. Industrial Output Rises in May

According to the Financial Times, the Federal Reserve said industrial production rose in May after a 0.4% drop in April. read more

Report: U.S. Adds 75,000 Jobs in May 2019

According to the latest numbers released by the U.S. Department of Labor, while unemployment remained at 3.6%, the U.S. added only 75,000 new nonfarm payroll jobs in May 2019. read more

ISM: Economy Continues to Grow for 121st Consecutive Month

Economic activity in the manufacturing sector expanded in May, and the overall economy grew for the 121st consecutive month, according to the nation’s supply executives in the latest Manufacturing ISM Report on Business. read more

Fed to Keep Interest Rates Steady in 2019

Information received since the FOMC met in March indicates that the labor market remains strong and that economic activity rose at a solid rate. The Fed has subsequently decided to maintain the target range for the federal funds rate at 2.25% to 2.5%. read more

Survey: Small Business Owners Confident in Growth Prospects

Small business owners across the U.S. expect larger increases in revenue this year than in 2018, despite growing trepidation about the national economy and inflation, according to a recent TD Bank survey. read more

Strong Economy, Moderate Growth Sends Mixed Signals to CV Industry

In the latest ACT Research Commercial Vehicle Dealer Digest, ACT noted that the overall economic picture remains largely unchanged, with growth moderating in 2019 from last year’s vigorous pace. read more

Survey: Restaurants will Add 1.6 Million New Jobs by 2029

The National Restaurant Association released its 2019 State of the Restaurant Industry Report that examines significant forces impacting and shaping the restaurant industry. Key findings surrounding economic conditions include: Restaurant industry sales are forecast to reach $863 billion in 2019;... read more

OnDeck Survey: Small Business Owners Mixed On Tax Cut Benefits

A new survey of more than 1,200 small business owners by OnDeck
finds 37 percent of those surveyed expect the tax changes in the Federal Tax Cuts and Job Act to have a positive impact on their businesses. Sixty-three percent of respondents plan to invest in new equipment/leases. read more

Gartner: U.S. Companies Prepare for Potential Recession

Analysis of S&P 500 2018 earnings transcripts shows fading exuberance among corporate executives as the year progressed, according to Gartner. read more

Y/Y Average Earnings Growth Surpasses 3% for 7th Straight Month

According to the U.S. Department of Labor, wage gains hit their highest mark since April 2009, at 3.4% year over year, while the year over year average hourly earnings growth surpassed 3% for seventh consecutive month. read more

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