Fed Cuts Rates by 0.50% In a significant policy shift, the Federal Reserve announced a 0.50% cut to its benchmark interest rate, marking the most substantial reduction in over a decade. This decision, aimed at bolstering the U.S. economy, comes … Continue reading
The Origins of Labor Day Labor Day, celebrated on the first Monday in September in the United States, honors the American labor movement and the contributions of workers to the development and prosperity of the country. The origins of this … Continue reading
The Federal Reserve is likely to cut interest rates soon as its preferred inflation measure, the Personal Consumption Expenditures (PCE) Price Index, continues to show signs of cooling. In recent months, inflation has remained modest, with the core PCE—excluding food … Continue reading
As the global economy continues its recovery from the impacts of the COVID-19 pandemic, small businesses are demonstrating remarkable resilience. Despite facing a significant labor shortage, many small businesses are not only surviving but thriving, showcasing their ability to adapt … Continue reading
Inflation’s Impact on Small Business Inflation is the rate at which the general level of prices for goods and services rises, leading to a decrease in purchasing power over time. While inflation affects the entire economy, small businesses often face … Continue reading
Federal Reserve Chair Jerome Powell’s announcement that “the time has come” for rate cuts marks a pivotal moment in the U.S. economic cycle. This decision, coming after a period of sustained interest rate hikes, signals a significant shift in the … Continue reading
Fuel Prices Down Amidst Global Economic Adjustments In recent weeks, consumers and industries alike have welcomed a significant decrease in fuel prices. This decline, driven by a combination of global economic factors, has brought relief to various sectors, particularly transportation … Continue reading
Unemployment Rises to 4.3% as Hiring Slows, Missing Expectations The unemployment rate in the United States has increased to 4.3% in the latest economic report, marking a significant uptick from the previous month’s rate of 4.0% according to the US … Continue reading
Factoring Proposal Issued – $400,000 | Non-Recourse | Seasonal Garment Manufacturer This long-standing business just needs a little extra cash to get through their off-season Continue reading
On June 12, 2024, the Federal Reserve announced that it would keep interest rates unchanged. This decision comes amid ongoing assessments of economic conditions, including inflation, employment rates, and overall economic growth. By maintaining the current interest rates, the Fed … Continue reading