Economy

Fed Maintains Interest Rates, Notes Slower Growth of Business Investment

The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 2% to 2-1/4% at its November meeting. read more

New Factory Orders Up $3.4B in September

New orders for manufactured goods in September, up four of the last five months, increased $3.4 billion or 0.7% to $515.3 billion, the U.S. Census Bureau reported. This followed a 2.6% August increase. read more

October ISM Manufacturing Report: New Orders, Production, Employment Growing

Economic activity in the manufacturing sector expanded in October, and the overall economy grew for the 114th consecutive month, according to the latest Manufacturing ISM Report on Business. read more

Jobless Claims Drop to Lowest Level Since 1973

According to the Department of Labor, the four-week average of jobless claims reached the lowest level since August 11, 1973. read more

October CMI Falls Sharply as Holiday Season Begins

October’s economic report from the National Association of Credit Management saw significant dips in both the manufacturing and service sectors, indicative of short-term economic bandages like tax cuts wearing off. read more

Q3/18 GDP Rate 3.5%; Past 4 Quarters Up 3%; Up From 2.3% Year-Earlier

The U.S. Department of Commerce reported an estimate of GDP growth rate for Q3/18 was 3.5%. During past four quarters, GDP has risen 3.0%, well above the 2.3% growth during the year-earlier period. read more

PayNet: U.S. Small Business Lending Keeps Rolling in August

According to the latest Strategic Insights Report from PayNet, small business lending continued its blistering pace in August. read more

ISM Report: New Orders, Production & Employment Growing

According to the latest Manufacturing ISM Report on Business, economic activity in the manufacturing sector expanded in September, and the overall economy grew for the 113th consecutive month. read more

Credit Managers’ Index Improves, Forecast Remains Unstable

September’s Credit Managers’ index saw growth across all sectors and most categories, but this growth may not last, according to NACM Economist Chris Keuhl. read more

Fed Raises Interest Rates in Response to Strong Economic Activity

The Federal Reserve raised the target range for the federal funds rate to 2% to 2-1/4% in view of realized and expected labor market conditions and inflation. read more

ELFA: August New Business Volume Up 14% Y/Y

According to the ELFA Monthly Leasing and Finance Index, overall new business volume stood at $8.9 billion in August, a 14% increase year-over-year. read more

ELFF: Trucking Industry to Remain Strong for Next Year

The U.S. over-the-road transportation/trucking industry is having its best growth in years and is forecast to remain strong for the next 12 to 18 months before softening, according to the 2018-2019 Vertical Market Series – Road Transportation. read more

Economic Activity Expands, Economy Grows for 112th Consecutive Month

According to the latest Manufacturing ISM Report on Business, economic activity in the manufacturing sector expanded in August, and the overall economy grew for the 112th consecutive month. read more

Nonfarm Payroll Employment Increases, Rate Unchanged at 3.9%

The U.S. Bureau of Labor Statistics reported total nonfarm payroll employment increased by 201,000 in August, and the employment rate was unchanged at 3.9%. read more

Economy: New Orders, Production and Employment Growing

Economic activity in the manufacturing sector expanded in August, and the overall economy grew for the 112th consecutive month, according to U.S. supply executives in the latest Manufacturing ISM Report on Business. read more

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