All Posts Tagged: savings

U.S. Outlook: Are corporate tax cuts making a difference?

Scott Anderson
Chief Economist

The Tax Cuts and Jobs Act, which passed in December 2017, made several changes to federal taxes for businesses, including the full expensing of certain machinery and equipment.

Close-up on piles of $100 billsBut has the highly anticipated surge in business spending materialized?

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on July 20.

Key observations:
  • Business equipment spending growth decelerated from 11.5% annualized in the fourth quarter of 2017 to 5.6% in the first quarter.
  • The amount of cash sitting idle on corporate balance sheets hit a record high of about $1.2 trillion in the first quarter of 2018, an increase of almost 250% since the recession ended.
  • There is increasing evidence that a sizable portion of the tax cut is being funneled into stock buybacks.
  • Our outlook calls for nonresidential fixed investment spending growth to accelerate modestly from 4.7% in 2017 to 6.4% this year and then slow to 5.0% in 2019.

Read my full report.

Read More ›

The 2018 Millennial Study: What we found out

Posted by Newsroom
Corporate News
Young woman lounging on a couch in a sunny living room as she checks her phone.

Millennial homeowners may be rushing into a home-buying decision without asking all the right questions.

Read More ›

Tackling household debt

Beth Hale
Posted by Beth Hale
Consumer Banking
Young, biracial couple looking into a store window, smiling and holding several shopping bags.

It is important to know what type of debt you have and how you can tackle it, especially if you find yourself struggling to manage it.

Read More ›

5 options for growing your savings

Beth Hale
Posted by Beth Hale
Consumer Banking
Back of young woman with long hair looking at a chalk board on which a graduated bar graph is drawn, showing different levels of possible savings.

As interest rates rise, opening an FDIC-insured account at your local financial institution may be a great option for you.

Read More ›