Economy

Fed Notes Moderate Economic Growth, Takes No New Action

In a news release, the FOMC said that since it last met in September economic activity has continued to expand at a moderate pace. The Fed said it will maintain its current stimulus measures and take no new action at this time. read more

Report: Mid-Market Continues to Create Jobs, Grow Revenue

The National Center for the Middle Market said middle-market companies increased headcount by 2.2% and grew revenues over the past 12 months. The NCMM is a partnership between The Ohio State University Fisher College of Business and GE Capital. read more

Finance Professionals: Fiscal Cliff Major Concern for U.S.

Three quarters of executives that manage corporate cash fear the consequences of the so-called fiscal cliff, according to the Association for Financial Professionals. read more

TD Economics: Offshoring Slowdown Revives U.S. Manufacturing

A recent report from TD Economics credits the revival of the U.S. manufacturing sector as a key driver in the economic recovery, largely due to a slowdown in offshoring activity. read more

Beige Book: Economy Expands Modestly

According to the Fed’s recently released Beige Book, reports from the twelve Federal Reserve Districts indicated that economic activity generally expanded modestly since the last report. read more

Business Hiring Calms Concerns About U.S. Fiscal Cliff

Bloomberg reported that business hiring is holding up, allaying concerns about a U.S. economic downdraft in the face of a looming fiscal cliff. read more

U.S. Jobless Rate Falls to 7.8%

The Labor Department said the unemployment rate decreased to 7.8% in September and payroll employment rose by 114,000. Employment increased in healthcare, transportation and warehousing but changed little in most other major industries. read more

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

The Institute for Supply Management said its Non-Manufacturing Index was 1.4 percentage points higher in September than in August, indicating continued growth at a faster rate in the non-manufacturing sector. read more

AIG Receives 'Notice of Consideration' from Oversight Panel

AIG said it has received a notice that it is under consideration by the Financial Stability Oversight Council for a proposed determination that it is a systemically important financial institution under Dodd-Frank. read more

ISM: Manufacturing Expands in September

Economic activity in the manufacturing sector expanded in September following three consecutive months of slight contraction, according to the latest Manufacturing ISM Report on Business. read more

GE Capital: Mid-Market CFOs See Opportunities

U.S. CFOs of middle-market companies surveyed this summer remain generally positive about the state of their own industries and continue to see measured growth over the next three years, according to the latest GE Capital Mid-Market CFO Survey. read more

Durable Goods Orders Drop 13.2%

In its latest report on manufacturers’ shipments, inventories and orders, the U.S. Census Bureau said new orders for durable goods in August decreased 13.2%. Excluding transportation, new orders decreased 1.6%. read more

BNY Mellon: Expect More Years of Recuperative Expansion

BNY Mellon's chief economist Richard Hoey expects several more years of recuperative economic expansion, according to his most recent Economic Update. read more

U.S. Fiscal Cliff Replaces EU Risk as Top Global Concern

Europe is staging a comeback in investor portfolios while concerns about the U.S. fiscal cliff have taken center stage, according to the BofA Merrill Lynch Fund Manager Survey for September. read more

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

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