PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Fact of the Week

August 16th, 2022 by

by Raymond J. Keating – The Census Bureau has reported that housing starts took a dive in July, with permits not faring well either. In fact, after having a nice run during the pandemic economy, housing starts have now fallen back to below their pre-pandemic level: ● Housing starts (at a seasonally adjusted annual rate) […]

July 13th, 2022 by

by Raymond J. Keating – Perhaps you thought that inflation could not get any worse than the Consumer Price Index data we saw for May 2022? Well, if so, you were wrong. CPI inflation actually got worse in June, according to the latest report from the U.S. Bureau of Labor Statistics. After jumping by 1.0 […]

July 6th, 2022 by

The Best and Worst Performing States by Raymond J. Keating – It goes without saying that the pandemic has generated severe woes across the U.S. and around the world. Looking at real GDP numbers (annualized seasonally adjusted data), the U.S. economy in the first quarter of 2022 stood at only 2.7 percent higher than where […]

June 30th, 2022 by

by Raymond J. Keating – The latest personal income report from the U.S. Bureau of Economic Analysis provides another stark reminder of how brutal the inflation tax is. The headline says that personal income grew by 0.5 percent in May. That’s great until we take inflation into account. The personal income report’s inflation measure – […]

June 23rd, 2022 by

Once inflation is factored in, gains turned into declines. by Raymond J. Keating – The U.S. Bureau of Economic Analysis has served up its latest report on state personal income, with annualized percent changes in the first quarter ranging from 8.5 percent in South Dakota down to 1.3 percent in Hawaii. Unfortunately, these numbers are […]

June 10th, 2022 by

by Raymond J. Keating – Inflation spiked once again in May, according to the Bureau of Labor Statistics latest report on the Consumer Price Index. Inflation has been raging since the start of 2021. In April, CPI inflation had slowed some, rising by 0.3 percent. That, of course, is still too high, but compared to […]

June 2nd, 2022 by

 by Raymond J. Keating – The latest edition of the Federal Reserve’s Beige Book was released on June 1, offering clues on the economy from interviews with various Fed contacts. Based on information gathered on or before May 23, it was noted that “a majority” of Fed districts indicated “slight or modest growth,” with four […]

May 17th, 2022 by

by Raymond J. Keating – The U.S. Census Bureau reported that retail and food services sales were up by 0.9 percent in April. For good measure, March sales growth was revised up from 0.7 percent to 1.4 percent. Of course, these nominal gains need to be put in perspective when inflation is running hot, as […]

May 5th, 2022 by

by Raymond J. Keating – Eventually, economic reality even catches up to the Federal Reserve. And the current reality is that inflation is running red hot. The question remains, however, if at least one part of the Fed’s remedy will actually work. In the May 4 FOMC statement, the Fed declared that it is “highly […]

April 27th, 2022 by

  by Raymond J. Keating – If one doubts the importance of policy decisions made by elected in officials in cities and other localities, just take a look at the history of places like New York City, Philadelphia, Chicago and San Francisco. Over the decades, in each of these cases, decisions were made in a […]

News and Media Releases