Press Releases

October 5th, 2022 by

by Raymond J. Keating –  The latest surveys of purchasing managers from the Institute for Supply Management (ISM) offered additional warning signals regarding the U.S. economy. On Monday, October 3, the ISM Manufacturing PMI for September was released and it came in at 50.9 percent. While that remained in the growth range (anything above 50 […]

October 4th, 2022 by

by Raymond J. Keating – We’re in a tough economy, which often leads to the rise of silly talk on the economy. And one area where silly talk seems to gain great traction is on trade, and I’m not even talking about politicians on both sides of the political aisle arguing for protectionism via tariffs. […]

September 30th, 2022 by

by Raymond J. Keating – The U.S. Bureau of Economic Analysis just updated its estimate of second quarter U.S. GDP, while also offering its estimate of GDP growth by state. Matters didn’t improve for U.S. GDP with this latest update. Instead, the U.S. economy still shrank by 0.6 percent (annual rate) in the second quarter, […]

September 28th, 2022 by

by Raymond J. Keating –  The latest report on consumer confidence from the Conference Board indicates that consumers were feeling a bit more confident in September. For the second month in a row, consumer confidence moved in a positive direction. As the Conference Board explained: “The Index now stands at 108.0 (1985=100), up from 103.6 […]

September 27th, 2022 by

by Raymond J. Keating – Whatever one would like to say – positive or negative – about former British Prime Minister Boris Johnson, he clearly was pushing tax policy in the wrong direction. But the United Kingdom’s new prime minister, Liz Truss, along with the new chancellor of the exchequer, Kwasi Kwartengis, are turning tax policy […]

September 26th, 2022 by

NEWS For Immediate Release Washington, D.C. – Today, the Small Business & Entrepreneurship Council (SBE Council) announced support for the “Commission on the American Workforce Act” introduced by U.S. Representatives Dave Joyce (R-OH) and Shontel Brown (D-OH). SBE Council president & CEO Karen Kerrigan issued the following statement on the bipartisan legislation: “America’s workforce shortage […]

September 25th, 2022 by

SMALL BUSINESS INSIDER by Karen Kerrigan – Next month, the U.S. State Department will enter into conversations with member nations of the Universal Postal Union (UPU) to discuss important international postal rate structures and frameworks. This is an important issue for America’s small businesses, as they depend heavily on smart mail delivery and logistics services […]

September 21st, 2022 by

by Raymond J. Keating –  The Powell Fed has its guns trained on this economy, with its thinking stuck far in the past. The Federal Open Market Committee (FOMC) statement and accompanying economic projections released on September 21 offered nothing to be positive about in terms of where monetary policy is headed, and how the […]

September 18th, 2022 by

by Raymond J. Keating –  The latest Census Bureau report on new business applications continues to offer hope that America is experiencing or will experience some kind of resurgence in entrepreneurship. Make no mistake, that’s vital for the U.S. in terms of completely recovering from the pandemic economy, and moving onto a track of stronger […]

September 15th, 2022 by

by Raymond J. Keating –  The latest industrial production report from the Federal Reserve was disappointing, as total industrial production declined in August, including a slowdown in manufacturing output. As a result, industrial production has been down or flat in three of the last four months. Industrial production – which is the physical output, free […]

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