Bloomberg reported that factory production rose in February by the most in six months, showing manufacturing will help the U.S. economy emerge from a weather-related setback.
Bloomberg said, based on data from the Federal Reserve, the 0.8% gain exceeded the highest estimate in a Bloomberg survey and followed a revised 0.9% slump in January.
Bloomberg noted that the data point to an expansion that will keep improving as temperatures warm, one reason why Fed policy makers this week will probably stick to their strategy of reducing the pace of monthly bond purchases.
Mary Smith entered the equipment finance space at GE Capital in the early 1980s. “What started as a job turned into a career when I realized that no day is the same and this industry provides an opportunity to learn... read more
Yes, 2020 Is Different from 2019 Sales representatives continue to encounter lower demand for many equipment types they have traditionally financed. Credit underwriters have directed their organizations to cease financing indigent industry sectors that have been especially hard hit through... read more