Press Releases

February 27th, 2024 by

by Raymond J. Keating – There’s not much too latch onto that’s positive in the latest durable goods report from the U.S. Census Bureau. Indeed, this is not a pretty picture of new orders for manufactured durable goods in January. The topline number showed that durable goods orders plummeted by 6.1 percent in January, and […]

February 22nd, 2024 by

by Raymond J. Keating –  Investment in commercial real estate has been suffering for a long time. According to real GDP data, nonresidential structures investment, for example, basically was at the same amount in 2023 ($623.3 billion in 2017 dollars) as was the case in 2007 ($625.5 billion in 2017 dollars), and was down compared […]

February 16th, 2024 by

by Raymond J. Keating –  The U.S. industrial sector had a poor start to 2024. Industrial production – i.e., the physical output, free from price changes, of the manufacturing, mining and utility sectors – declined by 0.1 percent in January, according to the latest report from the Federal Reserve. After a downward revision, December was […]

February 15th, 2024 by

by Raymond J. Keating – The latest retail sales report from the U.S. Census Bureau was sobering. Retail and food services sales (seasonally adjusted) for January 2024 declined by 0.8 percent compared to December. For good measure, December sales were revised down from +0.6 percent to +0.4 percent. Compared to a year earlier, retail and […]

February 13th, 2024 by

…and the Fed’s Mess   by Raymond J. Keating –  Getting inflation back under control once it ignites always proves to be tricky, especially when monetary authorities get the causes and remedies wrong. This warning returns as inflation – as measured by the Consumer Price index (CPI) – ticked back up in January 2024 to […]

February 11th, 2024 by

by Raymond J. Keating – A new study confirms that the Credit Card Competition Act, which would impose routing mandates for credit card transactions, would inflict harm on small businesses. SBE Council has warned: “The mandates would drive billions of dollars from the credit market and force financial institutions to reduce crucial lending to entrepreneurs […]

February 7th, 2024 by

by Raymond J. Keating – International trade has been a positive for U.S. economic growth for decades. In the most straightforward terms, exports boost U.S. entrepreneurs, businesses and workers, while imports serve as inputs to U.S. businesses, and reflect the state of domestic economy, as a growing economy increases the demand for imports on various […]

February 7th, 2024 by

by Raymond J. Keating – The U.S. Bureau of Labor Statistics (BLS) offers a monthly update on an important measure of entrepreneurship, i.e., the number of self-employed. The numbers are included in the monthly employment report. Not only does the data cover unincorporated and incorporated self-employed, but these two sets of numbers cover individuals who […]

February 2nd, 2024 by

Open Letter to World Trade Organization Members: Supporting Micro, Small, and Medium-Sized Business and Startup Growth and Job Creation by Making the WTO Moratorium on Customs Duties on Electronic Transmissions Permanent The undersigned, representing a broad and diverse global community of micro, small, and medium-sized (MSME) business entrepreneurs and startup innovators collectively urge World Trade […]

February 2nd, 2024 by

The Honorable Lina M. Khan Chair Federal Trade Commission 600 Pennsylvania Avenue NW Washington, D.C. 20580 Via email   Dear Chair Khan, As an organization dedicated to promoting entrepreneurship and protecting small business, the Small Business & Entrepreneurship Council (SBE Council) is focused on ensuring that the federal regulatory process is fair, transparent and inclusive […]

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