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Fed raises rates, but small businesses may find room to plan ahead
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Fed raises rates, but small businesses may find room to plan ahead

Jaelyn Campbell

The Federal Open Market Committee (FOMC) raised the federal funds target range to 3.75% to 4% Wednesday, marking the first rate increase

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SBA Administrator Kelly Loeffler is urging California Governor Gavin Newsom to request an EIDL Declaration to activate immediate federal aid
Articles
SBA urges Newsom to request disaster aid for riot-damaged Los Angeles businesses
Jaelyn Campbell
U.S. Small Business Administration (SBA) Administrator Kelly Loeffler is urging California Governor Gavin Newsom to request an Economic Injury Disaster
Small Business News
U.S. labor market adds 139K jobs in May, but signs of weakening emerge
Jasmine Kiniklis
The United States added 139,000 jobs in May, according to new data from the Bureau of Labor Statistics (BLS), surpassing
President Donald Trump renewed his attacks on Federal Reserve Chairman Jerome Powell, calling for immediate interest rate cuts.
Articles
Trump blasts Fed Chair over weak jobs report, demands rate cut
ASBN Newsroom
President Donald Trump renewed his attacks on Federal Reserve Chairman Jerome Powell on Wednesday, calling for immediate interest rate cuts
House GOP bill aims to raise the QBI deduction to 23% and make it permanent
Articles
House Republicans push to expand, make QBI deduction permanent
ASBN Newsroom
House Republicans have introduced legislation that would permanently extend and expand the Qualified Business Income (QBI) deduction, a key tax
U.S. consumer confidence rebounded sharply in May as President Trump’s temporary tariff pauses and trade negotiations eased some uncertainty
Articles
Consumer confidence rebounds in May after Trump tariff pauses ease fears
Jaelyn Campbell
After five months of declines, U.S. consumer confidence rebounded sharply in May as President Donald Trump’s temporary tariff pauses and
According to Bank of America Institute’s latest report, small businesses show mixed signals on inventory investment, hiring, and spending.
Small Business News
Small businesses show uneven growth amid inventory and hiring shifts
ASBN Newsroom
According to Bank of America Institute’s latest Small Business Checkpoint report, released May 15, 2025, small businesses show mixed signals
The SBA has announced an immediate moratorium on the expansion of the SBLC program, citing concerns over financial oversight.
Articles
SBA halts expansion of high-risk loan program amid soaring defaults
Jaelyn Campbell
The U.S. Small Business Administration (SBA) has announced an immediate moratorium on the expansion of the Community Advantage Small Business
Fed Chair Jerome Powell warns that supply shocks may increase inflation volatility, leading to sustained high interest rates.
Articles
Fed’s Powell warns of supply shocks, higher long-term rates
Jasmine Kiniklis
Federal Reserve Chair Jerome Powell on Thursday warned that longer-term interest rates will likely remain higher amid economic and policy
Small businesses brace for recession as Trump tariffs spark rising financial stress and economic pessimism across Main Street.
Articles
Trump tariffs fuel recession fears among small business owners
Jasmine Kiniklis
Small business owners across the U.S. are growing increasingly pessimistic about the economy, with many preparing for a potential recession
The Federal Reserve is expected to hold interest rates steady despite pressure from Trump and uncertainty over new tariff impacts.
Articles
Fed expected to hold interest rates despite Trump’s pressure for cuts
Jasmine Kiniklis
The Federal Reserve will likely hold interest rates steady after its meeting on Tuesday and Wednesday, despite political pressure from
National Small Business Week (NSBW) began May 4 and runs through May 10, with the U.S. SBA leading the celebration.
Articles
National Small Business Week kicks off May 4 with focus on IRS support and resources
ASBN Newsroom
National Small Business Week (NSBW) began May 4 and runs through May 10, with the U.S. Small Business Administration (SBA)
American employers added 177,000 jobs in April, exceeding expectations and signaling continued labor market strength.
Articles
U.S. adds 177,000 jobs in April as labor market holds strong despite tariff turmoil
ASBN Newsroom
American employers added 177,000 jobs in April, exceeding expectations and signaling continued labor market strength despite mounting pressure from President
ASBN Small Business Network
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