Economy

MUFG Says Best Case for US Economy in 2024 is a Mild Recession

In a 2024 outlook report, Mitsubishi UFJ Financial Group’s U.S. macro strategy team looked at the various economic scenarios for 2024, writing that the best case is a mild U.S. recession — a bumpy landing — for next year. read more

High Interest Rates Continue to be a Major Concern for Small Businesses

According to the National Federation of Independent Business, 80% of small business owners accessing credit in the last three months reported high interest rates as their largest financing complaint, a significant increase from July (58%). read more

ELFA’s Monthly Leasing and Finance Index Shows Flat New Business Volume Growth in November

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for November was $8.3 billion, unchanged from new business volume in November 2022 but down 19% from October. read more

ELFF Forecasts 2.2% Expansion in Equipment & Software Investment in 2024

The U.S. economy likely averted a recession in 2023 and appears to be on track for a “soft landing” in 2024, according to the 2024 Equipment Leasing & Finance U.S. Economic Outlook from the Equipment Leasing & Finance Foundation. read more

ISM Reports Economic Improvement to Continue in 2024

Economic improvement in the United States will continue in 2024, say the nation’s purchasing and supply management executives in the December 2023 Semiannual Economic Forecast. Revenues are expected to increase in 15 of 18 manufacturing industries and 16 of 18 services-sector industries. read more

Federal Reserve Extends Pause on Interest Rate Hikes, Projects 2024 Rate Reductions

The Federal Reserve stated on Wednesday that it will once again maintain the target range for the federal funds rate between 5.25% and 5.5% just as it did in September and November. In addition, as reported by CNN, the Fed is projecting “three quarter-point cuts in 2024.” read more

Small Business Hiring Experiences Flat Reading in November

The CBIZ Small Business Employment Index reported a seasonally adjusted increase of 0.15% in November after experiencing two consecutive months of declines in hiring. read more

2024 U.S. Macro Outlook: Rolling Recession is Here

Cushman & Wakefield released its 2024 U.S. Macro Outlook report which describes the economic landscape as a rolling recession, one in which some industries contract while others continue to expand. read more

RSM US Middle-Market Business Index Moves Up as Firms Continue Investments

The RSM US Middle Market Business Index (MMBI), presented by RSM US in partnership with the U.S. Chamber of Commerce, increased to 132.9 in Q4/23 from 129.6 in Q3/23 on a seasonally adjusted basis. read more

Dodge Momentum Index Decreases 1% in November

The Dodge Momentum Index, issued by Dodge Construction Network, decreased 1% in November to 179.2 (2000=100) from the revised October reading of 181.7. Over the month, the commercial and institutional components of the index both fell 1%. read more

Wells Fargo Believes 2024 Will Be a Pivotal Year for the Economy and Markets

Wells Fargo Investment Institute released its 2024 outlook, offerings its ideas for investors to consider in the new year. The institute believes the 2024 economic story could be a tale of two halves for fixed income and equities. read more

Economic Activity in Manufacturing Sector Continues to Contract

Economic activity in the manufacturing sector contracted in November for the 13th consecutive month following a 28-month period of growth, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more

Beige Book Reports Slowdown in Economic Activity, ‘Diminished’ Expectations

According to the Federal Reserve’s November Beige Book report, there has been a slowdown in overall economic activity over the last month, with expectations “diminished” for the next six to 12 months. read more

ELFA’s Monthly Leasing and Finance Index Shows 8% Y/Y Decrease in October New Business Volume

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for October was $10.4 billion, down 8% year over year from new business volume in October 2022. read more

Equipment Finance Industry Confidence Steady in November

According to the Equipment Leasing & Finance Foundation’s November 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 42.8, an increase from the October index of 40.1. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com