Economy

Fed, Central Banks Step Up Coronavirus Response

The Federal Reserve has increased its response to COVID-19, issuing its second rate cut this month and reducing reserve requirements ratios to 0%. Central banks announced coordinated action to enhance the liquidity of the U.S. dollar. read more

Wall Street Records Bleakest Day Since 1987 Despite Fed’s $1.5T Intervention

The Wall Street Journal reported that the U.S. stock market experienced its worst day on record since 1987 despite a move by the Federal Reserve to add $1.5 trillion to the market to curb “ominous” market activity. read more

WSJ: Oil Price Plummet Will Send Shockwaves Through ‘Everything’

The Wall Street Journal reported that the free fall of oil prices will send shockwaves through “everything,” potentially impacting financial institutions, private equity firms and manufacturers. read more

WSJ: Fed Rate Cut Hurts Lenders & Insurers the Hardest

The Wall Street Journal reported that the Fed’s emergency rate cut “took a direct hit” to banks and insurers. read more

Coronavirus May Spur Capital Flight from U.S. and Weaken Dollar

The continued worldwide spread of COVID-19 may weaken the U.S. dollar over the long run by impelling multinational corporates and foreign investors in the U.S. to repatriate money back to their home countries. read more

Coronavirus Poses Largest Threat to Global Economy Since Great Recession

The coronavirus Covid-19 presents the global economy with its greatest danger since the financial crisis, according to the OECD’s latest Interim Economic Outlook. read more

ELFA MLFI-25: 2020 Starts Off With a Bang, January Volume Up 28% Y/Y

The Equipment Leasing and Finance Association’s MLFI-25 showed new business volume for January was $9.2 billion, up 28% year-over-year. read more

Survey: Business Owners Remain Optimistic Even During Election Year

The QuickBridge Small Business Owner Survey found that despite lingering fears of a possible economic slowdown, most small businesses remain optimistic about the U.S. economy and their business prospects in 2020. read more

Survey: Business Owner Optimism Softens, Digital Marketing Usage Up

The latest Wells Fargo/Gallup Small Business Index survey showed that most business owners have a positive outlook on their financial situation and plan to use digital marketing to attract new customers. read more

WSJ: Boeing’s Troubles to Reduce U.S. GDP in 2020

The Wall Street Journal reported that the U.S. economy will most likely suffer a reduction in gross domestic product in the first half of 2020 due to Boeing’s ongoing troubles. read more

Survey: 77% of Middle Market Manufacturers Expect 2020 Revenue Increases

The results of BDO’s 2020 Manufacturing CFO Outlook Survey show that despite fears of an industrial slump, middle market manufacturers remain optimistic about their growth prospects.  read more

New Orders for Durable Good Up Two of the Last Three Months

New orders for manufactured durable goods in December increased $5.7 billion or 2.4% to $245.5 billion, the U.S. Census Bureau announced. read more

Half of Small Business Owners Saw Increased Revenues in 2019

A nationwide survey conducted by Balboa Capital revealed that 53% of small business owners saw increased revenues last year and the majority are expressing economic optimism in 2020. read more

M&A Outlook: Still a Sellers’ Market, Urgency Recedes as Growth Continues

Citizens Bank’s annual Middle Market M&A Outlook showed mid-market leaders expect their businesses to grow more in 2020 through organic strategies than through acquisitions. read more

Recession Depends on Definition: U.S. Economy Poised for 1.8% Expansion

ACT Research projected that the U.S. economy is poised to expand by 1.8% in 2020. read more

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Terry Mulreany
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