PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Fact of the Week

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 […]

January 12th, 2018 by

by Raymond J. Keating- Retail sales finished 2017 on a strong note. As reported by the U.S. Census Bureau, U.S. retail and food services sales for December 2017, adjusted for seasonal variation and holiday and trading-day differences, increased by 0.4 percent. That rounded out a solid four-month performance at the end of 2017. See CNBC: […]

January 5th, 2018 by

  by Raymond J. Keating- The latest jobs report released on January 5 from the U.S. Bureau of labor Statistics revealed that the U.S. economy experienced rather lackluster job growth in the final month of 2017. However, the report shows positive gains in entrepreneurship in recent months. The jobs report actually is two reports in […]

December 13th, 2017 by

by Raymond J. Keating- The U.S. Senate-passed “Tax Cuts and Jobs Act” would allow for oil and natural gas production in the Arctic National Wildlife Refuge (ANWR). That would be a clear positive for the state of Alaska, for small businesses, and the economy. In a joint statement released by Alaska’s three Members of Congress – […]

November 28th, 2017 by

by Raymond J. Keating- New housing sales were up in a big way in October. The U.S. Census Bureau reported on November 27 that sales of new single-family homes registered a seasonally adjusted annual rate of 685,000 in October, up by 6.2 percent over the September level and by 18.7 percent over a year earlier. […]

November 2nd, 2017 by

by Raymond J. Keating- It’s fitting that Republicans in the U.S. House of Representatives released their tax plan on the same day that the U.S. Bureau of Labor Statistics released its latest take on labor productivity. After all, a tax plan that incentivizes entrepreneurship and investment would be good news for faster productivity growth, and […]

October 27th, 2017 by

by Raymond J. Keating- The United States has now experienced, according to the latest data from the U.S. Bureau of Economic Analysis, two straight quarters of at least three percent real GDP growth. That has not happened since the second and third quarters of 2014. The hope is that not only can we get growth […]

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