Press Releases

April 15th, 2021 by

by RAYMOND J. KEATING- The latest report from the U.S. Census Bureau showed retail and food services sales roaring back in March, after a decline in February. Retail and food services sales jumped by 9.8 percent in March. That came after a decline of 2.7 percent in February and another strong gain in January of […]

April 14th, 2021 by

by RAYMOND J. KEATING- U.S. Senator Josh Hawley (R-MO) doesn’t seem to like large businesses and mergers. He also isn’t too fond, apparently, of the work economists can do in terms of informing public policy on such matters. Senator Hawley has just introduced the “Trust-Busting for the Twenty-First Century Act.” If the title sounds a […]

April 14th, 2021 by

  by Raymond J. Keating- The latest edition of the Fed’s “Beige Book” pointed to the improvement in the economy accelerating some from late in February to early April. Based on interviews with “key business contacts, economists, market experts, and other sources,” it was reported that consumer spending “strengthened,” tourism was “more upbeat,” auto sales […]

April 13th, 2021 by

  by RAYMOND J. KEATING- According to the latest U.S. Bureau of Labor Statistics report, the Consumer Price Index jumped by 0.6 percent in March. It was the largest monthly increase since June 2009.  And that leap up came after things were running relatively hot in February (+0.4 percent) and in January (+0.3 percent.)  Over […]

April 9th, 2021 by

A Hopeful Spring: Vaccine Successes and Outlook WEBINAR – April 13 1:00 p.m. ET   The Travelers Institute will welcome Brown University School of Public Health Dean Ashish Jha, M.D., MPH, to share his outlook for containing the global pandemic on the next “Wednesday with Webinar” series. Dr. Jha will provide an update on COVID-19 […]

April 8th, 2021 by

by Raymond J. Keating- Even as the economy improved during the first quarter of this year, trade did continue to struggle in February, according to the latest data from the U.S. Bureau of Economic Analysis. After suffering steep declines in both exports and imports during February to May of last year, a recovery subsequently began […]

April 7th, 2021 by

by Raymond J. Keating- The latest consumer credit numbers point to growing confidence among consumers. While retails sales were down in February (in part due to weather issues), consumer credit actually spiked up – after being flat in January. Specifically, the Federal Reserve reported: “In February, consumer credit increased at a seasonally adjusted annual rate […]

April 5th, 2021 by

In an April 4 Op-ed in the International Business Times, SBE Council president & CEO Karen Kerrigan provides a snapshot on the current state of small business, and how vaccines are playing a critical role in driving momentum for economic recovery on Main Street. In the piece, she notes the importance of sound policies that […]

April 5th, 2021 by

by Raymond J. Keating- The latest information from surveys on the services sector offers more good news on the direction of our economy. All Services Industries Report Growth The Institute for Supply Management’s Services PMI registered an all-time high in March 2021 at 63.7 percent, which was up by eight percentage points from February. The […]

April 2nd, 2021 by

by Raymond J. Keating- The latest employment report from the U.S. Bureau of Labor Statistics showed that March registered as a strong month in terms of recovering lost jobs, as well as gains in at least one measure of entrepreneurship. Information from both surveys – i.e., the establishment survey and the household survey – pointed […]

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