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U.S. Economy / Markets

Estimate: Economy will grow by 1.5 percent in 2014
The Congressional Budget Office said Wednesday that they expect the U.S. economy will grow by just 1.5 percent in 2014, in part because of a poor performance during the first three months of the year.
CBS News – 8/27/2014

ELFA Releases Its MLFI-25 for July
The Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $827 billion equipment finance sector, showed their overall new business volume for July was $7.8 billion, up 8 percent from new business volume in July 2013.
Compact Equipment – 8/25/2014

Equipment Leasing Finance Association Releases Reports
It was a good week for the $827 billion equipment financing sector based on a pair of reports from the Equipment Leasing and Finance Association.
Compact Equipment – 7/25/2014

Manufacturing Continues Rebound from Winter Woes
http://www.aem.org/MarketInfo/MarketIntel/Reports/MondayEconomicReport/
National Association of Manufacturers – 7/23/2014

Federal Reserve plans to end stimulus in October
The Federal Reserve will end its stimulus program in October if US economic growth continues at its current pace, minutes from its June meeting released Wednesday revealed.
BBC News – 7/9/2014

U.S. second-quarter growth forecasts cut on tepid consumer spending
U.S. consumer spending rose less than expected in May, prompting economists to downgrade estimates for second-quarter growth.
Reuters – 6/26/2014

U.S. Economy Shrank in First Quarter by Most in Five Years
The U.S. economy contracted in the first quarter by the most since the depths of the last recession as consumer spending cooled.
Bloomberg – 6/25/2014

Markit Manufacturing Index in U.S. Increases to 57.5 From 56.4
The Markit Economics preliminary index of U.S. manufacturing increased to 57.5 in June, the highest since May 2010, from 56.4 a month earlier, the London-based group said today.
Bloomberg – 6/23/2014

Equipment Financing Confidence Dips from Two-Year High
The Equipment Leasing & Finance Foundation has released its June 2014 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI).
Lift & Access – 6/20/2014

US central bank cuts growth forecast for 2014
The US Federal Reserve has cut its growth forecast for 2014 because of the harsh winter weather. The central bank is now predicting growth of between 2.1% and 2.3% for this year, down from its March forecast of 2.8% to 3%.
BBC News – 6/18/2014