Economy

Phoenix Survey: Lenders Increasingly Pessimistic About U.S. Economy

According to the third quarter 2019 Phoenix Management “Lending Climate in America” survey, lenders are increasingly pessimistic of the U.S. economy in both the near and long term. read more

Reuters: HSBC to Cut Up to 10,000 Jobs

According to Reuters, HSBC plans to cut up to 10,000 jobs or 4% of its workforce in an effort to reduce costs. read more

QuickBridge Releases eBook on Impact of Tariffs on Small Businesses

Alternative lender QuickBridge released “Tariffs and Small Businesses: Exploring the Real-World Implications of Recent Tariffs,” an eBook on the impact recent tariffs have had on small businesses in the U.S. read more

NACM: August CMI Improves, But with Some Setbacks

The Credit Managers’ Index saw a positive uptick in August, climbing out of the lower index from July, with a combined score read of 55.2, a reading safely in the expansion territory. read more

Wells Fargo: Investor Confidence at Three-Year Low After Market Tumult

According to the Wells Fargo/Gallup Investor Optimism Index, U.S. investor optimism fell to its lowest point since the fourth quarter of 2016. read more

Business Roundtable Raises Alarm over Renewed Trade War Threats

Bloomberg reported rising alarm from business leaders over President Donald Trump’s threats to ban business with China, with Business Roundtable President and CEO Josh Bolton warning the on-going trade war could depress new investments. read more

Manufacturing Sector Contracts for First Time Since 2009

According to the Washington Post, the manufacturing sector has contracted for the first time since 2009, with the U.S. manufacturing purchasing managers’ index falling to 49.9 in August. read more

ACT: Key Risk to NA CV Market Forecasts is Trade War with China

According to ACT Research’s latest release of the North American Commercial Vehicle OUTLOOK, the key risk to all commercial vehicle market forecasts remains the on-again trade war with China. read more

Bloomberg Consumer Comfort Index Drops for Two Consecutive Weeks

According to Bloomberg’s Consumer Confident Index, consumer sentiment experienced its biggest two-week slump since 2011, falling 1.7 points to 61.2 for the week ending August 11. read more

July CMI Hurts Vision of Positive Trend

Credit managers across the U.S. reported a lull in many favorable and unfavorable factors in the latest Credit Managers’ Index from the National Association of Credit Management. read more

Fed Cuts Interest Rates to 2.25%

According to the Washington Post, the Federal Reserve cut interest rates by a quarter-point, the first time the Fed has done so since 2008. read more

ELFF Snapshot: U.S. Economy Expands 3.1% in Q1/2019

The Equipment Leasing & Finance Foundation released the Q3 2019 Equipment Leasing & Finance Industry Snapshot. read more

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

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Terry Mulreany
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