Economy

Fed Continues to Keep Stimulus in Place

According to the minutes from the April 30-May 1 FOMC meeting, all but one member judged that a highly accommodative stance of monetary policy was warranted in order to foster a stronger economic recovery in a context of price stability. read more

Bloomberg: Confidence in Economy Highest in Six Years

Bloomberg reported that consumer confidence in the economy increased to its highest index since July 2007. Bloomberg also noted that according to a poll, the economy will continue to recover until at least 2015 without tumbling into a recession. read more

NFIB Survey: Small-Business Owner Roller Coaster Continues

The National Federation of Independent Business said that its Index of Small Business Optimism rose in April; however, far more of those surveyed expect business conditions to be worse in six months than those who think they will be better. read more

Fed Keeps Stimulus in Place

The FOMC said that it will continue buying securities at a pace of $85 billion a month and maintain a low range for the federal funds rate as long as unemployment remains above 6.5% read more

PayNet: Small Business Lending Falls in March

PayNet said small business owners lack a bullish outlook on business expansion, as the Thomson Reuters/PayNet Small Business Lending Index decreased to 98.5 in March from a revised 105.4 in February. read more

CFO: Big Banks Not Ready to Stand on Own

CFO reported that new Senate legislation and a report from the inspector general of TARP address the unsolved problem of U.S. megabanks deemed "too big to fail." read more

U.S. GDP Rises 2.5% in Q1/13

Real GDP accelerated in Q1/13, increasing 2.5% after increasing 0.4% in Q4/12, according to the BEA. The pick-up was largely accounted for by a rebound in inventory investment. read more

Survey: Mid-Market Provides Economic Growth Opportunity

Revenue and employment growth in the U.S. middle market continue to outpace expectations and broader growth nationally, according to the latest Middle Market Indicator by the National Center for the Middle Market. read more

Durable Goods Orders Drop 5.7% in March

In its latest report on manufacturers’ shipments, inventories and orders, the U.S. Census Bureau said new orders for durable goods in March decreased 5.7%. This decrease followed a 4.3% February increase. read more

Beige Book: Housing, Auto Sales Spur Economy

According to the Federal Reserve’s recently released Beige Book, economic activity expanded at a moderate pace, with particular strength in industries tied to residential construction and automobiles. read more

PwC: Optimism Prevails Among U.S. Industrial Manufacturers

U.S. industrial manufacturers remain positive regarding the outlook for the U.S. economy in the year ahead, according to the Q1/13 Manufacturing Barometer released by PwC US. read more

Moody's: U.S. Economy Still Waiting For Lift-Off

An article posted on Moodys.com on its U.S. macroeconomic outlook noted that the U.S. continues to recover at about the same pace it has for nearly four years. read more

NFIB: Small-Business Owner Optimism Not Sustained

After three months of sustained growth, the March NFIB Index of Small Business Optimism ended its slow climb, declining 1.3 points, according to the National Federation of Independent Business. read more

U.S. Adds 88,000 Jobs in March; Unemployment Static

The Labor Department said U.S. employment edged up in March by 88,000, and the unemployment rate was little changed at 7.6%. read more

PayNet: Small Businesses Borrowing Down in February

Reuters reported that small business borrowing was down in February for the second straight month, according to the Thomson Reuters/PayNet Small Business Lending Index. read more

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