Economy

Mid-Market Leaders Identify Fiscal Cliff Outcome Preferences

Middle-market business leaders identified deficit reduction, additional cuts to government spending and reform to the corporate tax code as their top Fiscal Cliff outcome preferences in a survey from the National Center for the Middle Market. read more

NABE: Modest But Accelerating Growth in 2013

In its latest survey of top forecasters, the National Association for Business Economics said economists believe the U.S. will see modest growth in 2013 with strength coming from a further rebound in housing that will help offset weakness in business investment. read more

Mid-Market Businesses Share Bleak Post-Election Outlook

According to the latest KeyBank Middle Market Business Sentiment survey, more than two-thirds (67%) of middle-market executives have a fair to poor outlook for the U.S. economy in the next 12 months. read more

U.S. Small-Business Owners Pull Back Capital Spending

According to a Wells Fargo/Gallup small business survey, U.S. small-business owners' net capital spending intentions for the next 12 months plunged to their lowest levels in more than two years. read more

CFOs See Stability in Economy Despite 'Fiscal Cliff' Threat

Nearly 70% of chief financial officers of U.S. companies believe the U.S. economy will either improve or remain stable during the next six months, according to the 2012 Fall CFO Survey from Grant Thornton. read more

TD Economics: Fiscal Uncertainty Slows Pace of Growth

The main obstacle standing in the path of faster U.S. economic growth is a strong headwind blowing in from fiscal restraint, according to a report released by TD Economics. read more

Fed Pegs Future Fed Funds Rate to Unemployment Rate

In its most recent news release on the economy, the Fed said it will keep the target range for the federal funds rate at its current 0 to 0.25% at least as long as the unemployment rate remains above 6.5% and inflation in no more than 2.5%. read more

BofA Merrill Lynch: Investment Trends for 2013

A cloud of uncertainty is likely to overhang the markets throughout the fiscal cliff resolution period. However, global economic growth is expected to pick up steam in H2/13, according to BofA Merrill Lynch's 2013 Year Ahead outlook. read more

S&P: $175B Decline in U.S. Corporate CAPEX Since Recession

Deferred capital spending totaled $175 billion from 2009 through 2011 for rated corporate issuers in the U.S., according to a report by Standard & Poor's. read more

AFP: Executives Foresee Modest Growth in H2/13

Finance professionals remain cautious in their economic outlook, believing the U.S. economy will grow at the modest pace of 1.7% in the coming year, according to a survey by the Association for Financial Professionals. read more

U.S. Adds 146,000 Jobs; Unemployment Falls to 7.7%

The Labor Department said U.S. employment rose by 146,000 in November, and the unemployment rate edged down to 7.7%. Employment increased in retail trade, professional and business services and healthcare. read more

Survey: Small Business Confidence Holding Steady

According to Capital One’s Q3/12 Small Business Barometer, small business owners across the country believe economic conditions have held steady throughout 2012. read more

ISM: Services Sector Grows at Slightly Faster Rate

The Institute for Supply Management said its Non-Manufacturing Index registered 54.7% in November, 0.5 percentage point higher than October's reading, indicating continued growth at a slightly faster rate. read more

Most Accurate Forecaster Sees Lethargic U.S. Expansion

Bloomberg reports that Joshua Shapiro, who scored the top spot among forecasters in its annual Bloomberg Markets ranking of global forecasters, is saying slow growth and relatively high joblessness will persist through 2013. read more

ISM: Purchasing Index Lowest Since July '09

Economic activity in the manufacturing sector contracted in November following two months of modest expansion. November's Purchasing Mangers Index reading reflects the lowest level since July 2009. read more

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