Economy

FOMC: Fed Funds Rate Likely to Remain Below Expected Levels

Fed officials noted at their recent meeting: “The federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run.” read more

PayNet Reports 1% Canadian Originations Decrease in January

According to the PayNet Canadian Small Business Lending Index (CSBLI), originations decreased 1% from 131.1 in December 2015 to 129.6 in January 2016. Compared to the same month one year ago, the Index is down 1%. read more

ISM: Manufacturing Sectors Contracts While Economy Grows Again

According to the Institute for Supply Management, economic activity in the manufacturing sector contracted in February for the fifth consecutive month, while the overall economy grew for the 81st consecutive month. read more

PayNet Says January Small Business Lending Declined Sharply 

The January 2016 Thomson Reuters/PayNet Small Business Lending Index (SBLI) registered 118.2, 13% lower than the revised December value of 135. read more

Wells Fargo Small Business Survey Indicates Optimism

The latest Wells Fargo/Gallup Small Business Index rose to 67 in January, a 13-point gain from November’s survey, indicating increased optimism. read more

Bloomberg: Negative Interest Rates Are Sign of Desperation

Bloomberg explains why central banks are resorting to negative interest rates and evaluates the impact. read more

NFIB Survey Shows Stumble in Small Business Optimism

The NFIB’s Index of Small Business Optimism fell to 93.9 in January, marking a 1.3 point drop from the reading in December. read more

PayNet Adds Small Business Default Index to Family of Economic Indicators

PayNet announced its Small Business Default Index, which will gauge small business defaults and signal insolvency across multiple sectors of the economy at the national, state and industry levels. read more

Survey: Banks Tighten C&I Loan Standards Amid Weakening Demand

According to the Fed’s 2016 Senior Loan Officer Opinion Survey, banks tightened their standards on C&I loans in the fourth quarter of 2015 amid weakening demand. read more

ISM: Non-Manufacturing Sector Expands for 72nd Consecutive Month

According to the latest report from the ISM, economic activity in the non-manufacturing sector grew for the 72nd consecutive month in January, despite another slight dip in the NMI. read more

ISM: Manufacturing Activity Contracts Again in January

According to the ISM, economic activity in the manufacturing sector contracted in January for the fourth consecutive month, but the overall economy grew for the 80th consecutive month. read more

Balboa Capital Survey Shows Small Business Growth, Optimism

According to a recent survey from Balboa Capital, 55% of small business owners had moderate to significant revenue increases last year, and 45% think the economy finished the year with moderate to higher growth. read more

Transportation Equipment Leads December Drop in New Orders

A U.S. Census Bureau report showed new orders for manufactured durable goods in December decreased 5.1% to $225.4 billion. Transportation equipment led the decrease, $10.1 billion or 12.4% to $71.3 billion. read more

Fed Notes Slower Growth, Leaves Interest Rates Unchanged

The Federal Reserve left interest rates unchanged at its latest meeting and noted the economy slowed down at the end of last year. Stocks traded lower with the DJIA down 220 points by market close. read more

Equipment Finance Industry Confidence Eases in January

According to the most the January 2016 Monthly Confidence Index from the ELFF, confidence in the equipment finance market dropped to 54.0, a large step back from the 60.2 recorded in December. read more

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Terry Mulreany
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