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Tag: economy news

Dan Demsky on navigating tariffs & trade for entrepreneurs
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Dan Demsky on navigating tariffs & trade for entrepreneurs

Jaelyn Campbell

For entrepreneurs operating across borders, tariffs can create a business challenge that extends far beyond higher import costs. Constantly changing

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The Senate rejected both Republican and Democratic short-term spending proposals, heightening the chances of a federal government shutdown.
Articles
Senate blocks short-term funding bill, raising odds of government shutdown 
Jaelyn Campbell
On September 19, the Senate rejected both Republican and Democratic short-term spending proposals, heightening the chances of a federal government
The Labor Department reported that U.S. inflation remained stable in July, with consumer prices rising by 2.7% compared to last year
Articles
U.S. inflation steady in July as tariffs keep prices elevated
ASBN Newsroom
On Tuesday, the Labor Department reported that U.S. inflation remained stable in July, with consumer prices rising by 2.7% compared
The Feds held its benchmark short-term interest rate unchanged Wednesday for the fifth time this year, maintaining the rate near 4.3%.
Articles
Fed holds rates steady amid internal split, Trump pressure
ASBN Newsroom
The Federal Reserve held its benchmark short-term interest rate unchanged Wednesday for the fifth time this year, maintaining the rate
The Federal Reserve (Fed) cuts rates again
Articles
Fed slashes rates again providing additional relief for SMB owners
Jasmine Kiniklis
On Wednesday, the Federal Reserve announced its third consecutive interest rate cut of 2024, decreasing the benchmark rate by a
The Federal Reserve announced a 0.25% interest rate cut on Thursday, less than two days after Donald Trump’s election victory.
Small Business News
Fed cuts rates following Trump’s re-election, easing economic pressures
Jaelyn Campbell
In a move that aims to provide economic relief, the Federal Reserve announced a 0.25% interest rate cut on Thursday,
Inflation continues to climb on a national level, but locally, consumer price increases vary based on local economic factors and policy.
Articles
How inflation is affecting metropolitan cities across the country
Colin Velez
Inflation remains an economic obstacle for many, but new research indicates the impact on consumers and business owners may vary
The U.S. economy remains on track to avoid a recession after the fourth quarter of 2023, which saw inflation fall to a rate of 1.7%.
Articles
U.S. economy defies expectations in Q4, spending outpaces inflation
Colin Velez
The U.S. economy continued to recover over the fourth quarter, growing faster than anticipated despite a modest slowdown in activity
Americans submitted 5.5 million business applications in 2023, marking the third consecutive year of record-breaking growth.
Articles
SBA celebrates record number of business applications in 2023
Colin Velez
Americans submitted 5.5 million business applications in 2023, an all-time high marking the third consecutive year of record-breaking growth. According
Small businesses contributed roughly 45% of all job gains in December as the labor market continued to protect the economy from recession.
Articles
Small businesses create 74,000 jobs as labor market returns to normal
Colin Velez
Small businesses added 74,000 jobs to the U.S. economy in December as pre-pandemic norms continued to return to the labor
Small business owners felt confident entering the holiday season in spite of economic difficulties including interest rates and credit access.
Articles
Small business owners felt confident in Q4, interest rates remain key obstacle
Colin Velez
Small business owners felt mostly optimistic during the holiday season, even as concerns over high interest rates held back economic
Tom Sullivan joins ASBN for a new Small Business Update, this time to discuss how entrepreneurs are feeling heading into 2024.
Interviews
Small Business Update: Are entrepreneurs confident heading into 2024?
Colin Velez
Small business confidence is a key indicator of economic performance, as it provides a frontline view of the market otherwise
Small business owners expressed lower confidence toward the economy in Q4 than in Q3, despite strong holiday sales and cooling inflation.
Articles
Economic confidence retreats from 3-year high among small business owners
Colin Velez
Small business owners felt less confident in the economy over the fourth quarter than during the third, despite record-breaking holiday
ASBN Small Business Network
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