Economy

Deloitte: CFOs Expand Role in Driving Sustainability

Two-thirds of CFOs say they are involved in driving sustainability strategies in their organizations and more than half say their involvement has increased over the last year, according to a global survey launched by Deloitte Touche Tohmatsu. read more

TD Economics: Economy Strengthens at Slow Pace

The U.S. economy is on the right track to faster growth, but obstacles will slow progress over the next year, according to a report released by TD Economics. read more

Mid-Market Execs Predict No Economic Recovery Until 2014

Middle-market business executives remain quite guarded longer term, not seeing a complete economic recovery until 2014 or later, according to the 2012 Mid-Market Outlook Survey by KPMG. read more

Fed to Buy $40B of Mortgage Bonds Per Month to Boost Economy

The Federal Reserve said it will buy $40 billion of mortgage-backed debt per month until the outlook for the labor market substantially improves. read more

U.S. Jobless Rate Drops for the Worst of All Reasons

Bloomberg said the addition of just 96,000 jobs in August shows that the nation has a long way to heal from the 2007-2009 recession. Despite the drop in the unemployment rate to 8.1%, 368,000 people left the labor force. read more

Unemployment Rate Drops to 8.1%; Trucking Adds 1,400 Jobs

Total nonfarm payroll employment rose by 96,000 in August, and the unemployment Rate dropped to 8.1%, the Labor Department said. Trucking added 1,400 jobs, and the transportation sector rose by 5,700, reported Transport Topics. read more

ISM: U.S. Services Sector Activity Grows in August

The Institute for Supply Management said its Non-Manufacturing Index indicated continued growth in August at a slighter faster rate and economic activity in the sector grew in August for the 32nd consecutive month. read more

ISM: Manufacturing Contracts for Third Time Since July 2009

Economic activity in the manufacturing sector contracted in August for the third time since July 2009. However, the overall economy grew for the 39th consecutive month, according to the latest Manufacturing ISM Report On Business. read more

Bernanke: Economic Situation 'Far From Satisfactory'

In a recent speech, Fed chairman Ben Bernanke said despite positive signs in manufacturing, housing and trade plus the rebound in investment and improving conditions in credit markets, the economic situation is “obviously far from satisfactory.” read more

July Durable Goods Orders, Shipments Rise

The U.S. Census Bureau reported July new orders and shipments for manufactured durable goods were up 4.1% and 2.5%, respectively compared to June. YTD shipments of construction, machine tools, heavy-duty trucks and civilian aircraft posted gains of 20% or better. read more

Bloomberg: U.S. Q2 Growth Exceeds Prior Estimate

Bloomberg reported that the economy expanded more than previously estimated in the second quarter, but noted that business investment in new equipment showed the weakest gain in almost three years. read more

Beige Book: Economy Continues Gradual Expansion

According to the Fed's recently released Beige Book, economic activity continued to expand gradually in July and early August across most regions and sectors. read more

Bloomberg: Durable Goods Probably Rose on Aircraft Rebound

Bloomberg reported that orders for U.S. durable goods probably rose in July by the most this year, reflecting a jump in aircraft demand that overshadowed slowdowns among other manufacturers, citing economists before the report is released later today (8/24/12). read more

Survey: U.S., Europe CFO Economic Optimism Drops

Surrounded by critical financial issues and global events, CFOs are experiencing declines in optimism toward their businesses and the global economy, according to the latest "CFO Outlook Survey" by Financial Executives International and Baruch College's Zicklin School of Business. read more

Fed: Additional Monetary Stimulus Warranted 'Fairly Soon'

According to the minutes of the July 31 FOMC meeting, many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substantial and sustainable strengthening in the pace of the economic recovery. read more

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