The U.S. economy is growing at a pace that could produce full employment by 2016. For now, though, all eyes are trained on the Employment Report coming out this Friday. Investment analysts are increasingly optimistic, with Jeremy Siegel saying he believes the combination of continued low interest rates and moderate growth means that stocks are fairly priced. It seems that U.S. CEO’s are also upbeat. Reuters reports on a Business Roundtable survey that reveals their plans for capital spending in the coming months.

Anticipating Friday’s Employment Report For February– The economic mover and shaker this week is the Friday employment report from the Bureau of Labor Statistics.  Today we have a February estimate of 212,000 new nonfarm private employment jobs from ADP.  Mark Zandi, chief economist of Moody’s Analytics, said, “Job growth is strong, but slowing from the torrid pace of recent months. Job gains remain broad-based, although the collapse in oil prices has begun to weigh on energy-related employment. At the current pace of growth, the economy will return to full employment by mid-2016.”  Read more…

Jeremy Siegel Believes Stocks Are Fairly Valued–  Siegel is a professor at the Wharton School at the University of Pennsylvania and the author of Stocks For The Long Run and The Future for Investors. Siegel believes that in 2015 P/Es (Price to Earnings) will continue to rise as a result of low interest rates that will persist into the year. Although interest rates will rise in 2015,  the increases will remain modest by historical standards.  He makes other predictions in this article. Read more…

CEOs Expect U.S. Economic Growth To Accelerate– The U.S. economy is expected to grow 2.8% this year, stronger than in 2014, according to a Business Roundtable survey of CEOs of large U.S. companies. However, most bosses are not making promises to pick up the pace of hiring, with 40% of CEOs saying their firms would increase hiring over the next six months, while 23% plan to cut staff. About 45% said they plan to boost capital spending in the near term.   Read more…

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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller

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