The Wall Street Journal reported that the Federal Reserve has made several adjustments to the Main Street Lending Program to attract more SMEs. read more

JUN 9, 2020 - 7:00 am

According to the Bureau of Labor Statistics, the U.S. economy gained 2.5 million jobs in May, more than twice the previous record for a monthly gain of 1.1 million jobs, which was set in September 1983.  read more

JUN 8, 2020 - 6:45 am

Moody’s Analytics baseline economic forecast reports that real global GDP will fall by 4.5% this year as a result of COVID-19 and the economy will not return to full-employment until mid-decade. read more

JUN 5, 2020 - 7:00 am

AICPA reports that 92% of businesses are being negatively impacted by COVID-19 with a bleak hiring outlook and liquidity emerging as top concerns. read more

JUN 5, 2020 - 6:35 am

In the latest Non-Manufacturing ISM Report On Business, economic activity in the sector contracted in May for the second consecutive month. read more

JUN 4, 2020 - 6:57 am

Economic activity in the manufacturing sector contracted in May, and the overall economy returned to expansion after one month of contraction, say the nation’s supply executives in the latest Manufacturing ISM Report On Business read more

JUN 3, 2020 - 6:40 am

The Wall Street Journal reported that a full recovery from the effects of COVID-19 on the U.S. economy could take 10 years, according to the Congressional Budget Office. read more

JUN 2, 2020 - 6:55 am

New orders for manufactured durable goods in April decreased $35.4 billion or 17.2% to $170.0 billion, the U.S. Census Bureau announced. Excluding transportation, new orders decreased 7.4%. read more

JUN 1, 2020 - 6:35 am

The ISM reported that manufacturing and non-manufacturing are forecast to contract in the year ahead, with revenue decreasing to 10.3% for manufacturing and 10.4% for non-manufacturing. read more

MAY 18, 2020 - 7:00 am

The Wall Street Journal reported that the economic recovery from the pandemic will follow a similar pattern to the recovery from the Great Recession. read more

MAY 12, 2020 - 6:40 am

The Wall Street Journal reported that the Federal Reserve has decided that negative interest rates are not worth the detrimental effects they could bring. read more

MAY 11, 2020 - 6:45 am

A RapidRatings stress test on portfolios of public and private third parties, suppliers, borrowers, and other counterparties to aid clients in modeling potential outcomes of the COVID-19 crisis revealed 52% of all global companies will be categorized as high-risk or very high-risk. read more

MAY 6, 2020 - 6:40 am

Economic activity in the manufacturing sector contracted in April, and the overall economy contracted after 131 consecutive months of expansion, say the nation's supply executives in the latest Manufacturing ISM Report on Business. read more

MAY 4, 2020 - 6:58 am

The Wall Street Journal reported that the Federal Reserve will not use the Main Street Lending Program to promote SOFR, its LIBOR replacement of choice. read more

MAY 4, 2020 - 6:50 am

The Federal Reserve expanded access to its Paycheck Protection Program Liquidity Facility to additional lenders and expanded the collateral that can be pledged. The Fed also broadened the scope and eligibility for the Main Street Lending Program. read more

MAY 1, 2020 - 7:00 am