Economy

CEOs Temper Business Plans for Capital Investment

According to the Business Roundtable Q2/15 CEO Economic Outlook Survey, CEOs have tempered business plans for capital investing and hiring, reflecting concerns about the continue sub-par growth trajectory of the U.S. economy. read more

Economy Expands During April/May; Oil/Gas Downturn Temper Growth

According to latest Beige Book from the Federal Reserve, the economy expanded from early April to late May. The report notes the downturn in oil and gas industry tempered manufacturing growth. read more

OECD: Global Economy Achieving ‘B-Minus’ Grade

The OECD lowered its global growth forecasts for 2015 and 2016 and said the global economy can be characterized as only achieving a “muddling-through B-minus grade.” The outlook for the U.S. was revised down to 2.0% in 2015 and 2.8% in 2016. read more

Unemployment Rate Lowest Since May 2008

The U.S. Labor Department reported employer’s payrolls nationwide grew by 223,000 people in April, while the unemployment rate dropped to its lowest rate since May 2008. read more

Survey: Interest Rates Won’t Rise Until September

Bloomberg reported that according to 73% of 59 economists surveyed the Fed’s long-awaited liftoff on its benchmark interest rate won’t happen until September. read more

Bloomberg: Appetite for Economic Risk-Taking Remains Low

Bloomberg notes in a report on a recent FOMC statement that the appetite for economic risk-taking of U.S. companies remains low, particularly when it comes to investing in new production capacity and equipment. read more

BofA: 64% of Small Business Owners Still Recovering from Great Recession

Seven years after the “Great Recession,” two-thirds (64%) of small business owners report their businesses are still in the process of recovering, according to Bank of America’s spring 2015 Small Business Owner Report. read more

WSJ: ‘Soft’ Economic Data Lessens Chances of Rate Hike

The Wall Street Journal reported the recent slowdown in economic activity has created uncertainty inside the Fed about when to start raising interest rates, lessening the chances of a move as early as June. read more

Research: Middle Market Contributes $6.2T to U.S. Economy

Middle market companies are leading job growth and making a contribution of nearly $6.2 trillion to the U.S. economy, according to the inaugural Middle Market Power Index from American Express and Dun & Bradstreet. read more

Fed: H1/15 Economic Activity Revised Up

According to the minutes of the Fed’s most recent policy meeting, the staff’s outlook for economic activity over the first half of 2015 was revised up since December. read more

Discretionary Spending Drops Despite Lower Oil Prices

According to a report compiled by Transwestern, despite consumer savings reaped at the gas pump, retail sales fell 0.8% in January after declining 0.9% in December. read more

Output to Pick Up After Sluggish First Quarter

Bloomberg reported that we can expect output to pick up for the world economy after a disappointing first quarter, “with the U.S. leading the way.” read more

Jobs Data Threatens Outlook for Interest-Rate Increases

Bloomberg reported cracks in the U.S. labor market threatened the outlook for interest-rate increases. read more

PNC Economic Outlook: Business Owners Expect Higher Sales

Small business owners nationwide are increasingly optimistic about their sales and profits amid recent benefits from lower energy prices and growing enthusiasm about the U.S. economy, according to the latest PNC Economic Outlook Survey findings. read more

NABE: Forecasters Expecting Another Good Year

According to the latest National Association for Business Economics survey, forecasters are expecting gains in GDP in 2015 and 2016 to exceed the 2.4% gain in 2014. read more

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Terry Mulreany
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