PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Fact of the Week

June 13th, 2018 by

by Raymond J. Keating- In its Federal Open Market Committee statement released on June 13, beyond the quarter-point increase in the federal funds rate to a targeted range of 1.75 percent to 2 percent, the Fed was quite upbeat in its assessment on the state of the U.S. economy. For example, the statement opened: “Information […]

May 31st, 2018 by

by Raymond J. Keating- In the second estimate of first quarter GDP released by the U.S. Bureau of Economic Analysis on May 30, the topline real GDP growth number actually got a tiny bit worse – revised from 2.3 percent real growth to 2.2 percent. The key problem remained with the consumer, with sluggish real […]

May 1st, 2018 by

by Raymond J. Keating- With National Small Business Week upon us, it’s a great time for a reminder on the importance of entrepreneurship and small business to the U.S. economy. Successful Big Businesses Started as a Small Business First, let’s state the obvious because even the obvious somehow manages to elude many, including assorted so-called […]

April 27th, 2018 by

by Raymond J. Keating- Looking at the latest GDP data released on April 27 by the U.S. Bureau of Economic Analysis, we see that the economy continues to struggle in terms of economic growth picking up some real steam. In fact, first quarter real GDP growth of a meager 2.3 percent was actually down from […]

April 6th, 2018 by

by Raymond J. Keating- The latest trend – if one can call it a trend – in the employment data seems to be volatility. And after big moves up in February, March was a down month, according to the latest report from the U.S. Bureau of Labor Statistics. In terms of the establishment survey, payrolls […]

March 24th, 2018 by

by Raymond J. Keating- The topline number on the U.S. Census Bureau’s February durable goods saw a nice bounce back. While new orders declined by 3.5 percent in January, February’s growth came in at 3.1 percent. Durable goods orders matter because they serve as a leading indicator on the economy, gauging the confidence of both […]

March 22nd, 2018 by

by Raymond J. Keating- On March 21 in its FOMC statement, the Federal Reserve provided its latest decision on monetary policy, along with its take on the economy. The Fed decided to move the federal funds rate up from the 1.25%-1.5% range to 1.5%-1.75%. That wasn’t surprising, and given the still low levels, it’s not […]

March 15th, 2018 by

  by Raymond J. Keating- Let’s be clear: inflation is never a good thing. Inflation is a rise in the general price level, and therefore, it is an erosion in the value of the currency and a decline in purchasing power. It means that a dollar is worth less tomorrow than it is today; it […]

February 15th, 2018 by

by Raymond J. Keating- Industrial production – the output of the nation’s industrial sectors, i.e., manufacturing, mining and utilities – stalled in January (actually declining by 0.1 percent), according to the latest report from the Federal Reserve. Given that one month does not make a trend, and that the fourth quarter of 2017 experienced strong […]

January 18th, 2018 by

by Raymond J. Keating- Industrial production – the output of the nation’s industrial sectors, i.e., manufacturing, mining and utilities – finished 2017 on a strong note, expanding by 0.9 percent, even though manufacturing output barely inched ahead, according to the latest report from the Federal Reserve. Overall industrial production was up for the year, growing […]

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