Economy

GDP Expected to be Higher on Planned Adjustments

For the soon to be released data on how the U.S. economy is measured, Jack Kleinhenz, chief economist of the NRF, notes major adjustments are planned that will increase the amount of final goods and services shown as produced in the economy. read more

Confidence Among Mid-Market Companies Fuels Investment

Successive quarters of strong performance by the nation's middle-market companies is fueling increased confidence in the national and global economies, according to the latest survey from the National Center for the Middle Market, a partnership between GE Capital and The Ohio State University. read more

Durable Goods Orders Rise on Transportation Equipment

The U.S. Census Bureau said new orders for manufactured durable goods in June increased $9.9 billion or 4.2%. Transportation equipment, up four of the last five months, led the increase. read more

U.S. CFOs More Optimistic About Economy

U.S. financial officers gave the economy its highest score in five years and were significantly more confident about economic growth in 2013 in the latest Bank of America Merrill Lynch CFO Outlook survey. read more

Bernanke Seen Tapering QE to $65 Billion

Bloomberg reported that Fed Chairman Ben S. Bernanke in September will trim the Fed’s monthly bond buying to $65 billion from the current pace of $85 billion. read more

Beige Book: Loan Demand, Credit Quality Improve Modestly

According to the Federal Reserve’s recently released Beige Book, overall loan demand increased modestly across most of the twelve reporting districts, while credit quality showed slight to moderate improvements. read more

Business Leaders' Optimism Highest Since 2005

Optimism for the nation’s economic outlook among U.S. business leaders rose to the highest level recorded since 2005, according to the latest Grant Thornton International Business Report. read more

U.S. Factory Orders Up 2.1% in May

The Commerce Department said orders to U.S. factories rose in May, helped by a third straight month of stronger business investment. The gains suggest manufacturing may be picking up after a weak start to the year. read more

New Durable Goods Orders Rise 3.6% in May

The U.S. Census Bureau said new orders for manufactured durable goods in May increased $8 billion or 3.6% to $231 billion. read more

Survey: Companies Exhibiting 'Growth Behavior'

According to a new report by RBS Citizens and the Association for Financial Professionals (AFP), companies are exhibiting a greater need for liquidity in order to support corporate investment and growth. read more

Fed to Continue Purchasing Bonds; Keeps Rates in Place

In a news release, the Federal Reserve said it will maintain the current federal fund rate and continue bond purchases. read more

IMF: Ease Off Spending Cuts to Boost U.S. Recovery

The U.S. could spur growth by adopting a more balanced and gradual pace of fiscal consolidation, the International Monetary Fund said after wrapping up its annual review of the U.S. economy. read more

Bloomberg: U.S. Expansion Poised for Longevity

Bloomberg reported that the modest pace of the U.S. economic recovery has a silver lining, as the expansion shows signs of lasting almost twice as long as average. read more

U.S. Adds 175,000 Jobs in May; Unemployment Rate Unchanged

The Labor Department said U.S. employment increased by 175,000 in May, and the unemployment rate was essentially unchanged at 7.6%. read more

Fitch: U.S. Jobs Report Supports Continued Monetary Easing

Fitch Ratings said that U.S. employment growth in May likely signals a continuation of Fed asset purchases and monetary easing as questions persist about the fundamental health of the U.S. economy. read more

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