Small-business owners in the United States are now more pessimistic about the future of the American economy, even though they expect revenues to increase, and inflation is their primary concern, according to the 2022 Small Business Owner survey published by the Bank of America (BoA). The share of small-business owners who expect their local economies…
Inflation Is Top Concern for 80 Percent of US Small Business Owners: Bank of America
May 4, 2022
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Two-Thirds of Workers Might Seek New Jobs If Forced Back to Office: Global Survey
Worker demands for more flexibility and security, bolstered by the pandemic and a tight labor market, are only growing more intense as the world economy reopens and some firms begin trying to pull employees back to offices, payroll provider ADP reported in a survey of nearly 33,000 people worldwide. The survey found that two-thirds of…
70 Percent of Companies Saw Wages Surge in Q1 of 2022: NABE Survey
April 25, 2022
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A record number of American companies had to pay higher wages during the first quarter of 2022 according to a survey conducted April 4–12 by the National Association of Business Economics (NABE). Out of the 84 NABE members who took part in the April survey, 70 percent said that wages rose during the first quarter,…
US Flash PMI Rises in April, Inflationary Pressures Weigh Down on Businesses
April 23, 2022
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Private sector output rose in the United States in April while companies shifted the burden of surging costs and higher wages onto customers, according to S&P. The S&P Global Flash U.S. Manufacturing Purchasing Managers Index (PMI) rose slightly to 59.7 in April from 58.8 in March, which signaled a “marked improvement” in operating conditions in the…
American Grocery Stores Hit Hard by Rising Inflation
April 23, 2022
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With prices of commodities rising due to the COVID-19 pandemic and supply chain disruptions, inflation has hit grocery stores across the United States as brands increase product prices to prevent corporate profits from being squeezed. P&G, which sells skincare products, shampoo, diapers, and toothpaste, raised product prices by 5 percent to achieve 10 percent sales…
Gold Falls and Dollar Climbs Following Fed’s Official Remarks
Gold prices declined on April 22 trade as the U.S. dollar and Treasury yields climbed following comments from a Federal Reserve official that a sizable interest rate hike might be incoming. Gold futures were trading at $1,944 an ounce as of 13:57 UTC (9:57 a.m. Eastern time) on April 22, down 0.4 percent from opening….
Federal Reserve May Raise Interest Rate by 75 Points, Says Official
April 19, 2022
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The U.S. central bank may hike interest rates by up to 75 points due to the high rate of inflation, according to James Bullard, president of the St. Louis Federal Reserve Bank who also added that he does not expect such an increase to occur right away. Bullard pointed to Fed’s 75-point interest rate hike…
‘Democrats Are Headed Toward Big Losses In The Midterms,’ Warns Elizabeth Warren
Senator Elizabeth Warren (D-Mass.) has warned Democrats that if they fail to deliver on their promises as soon as possible, the results of the upcoming fall midterm elections might not be to their liking. “Democrats win elections when we show we understand the painful economic realities facing American families and convince voters we will deliver…
Fed Policymakers Split on Post-Pandemic Inflation Landscape
April 15, 2022
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Business & Economyeconomic policieseconomyEuropehigh inflationinflationLael BrainardMarketsRussia-Ukraine WarThomas BarkinWorld
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U.S. central bankers are split on whether high inflation will be a recurring problem in the future requiring repeated rate hikes, comments from two officials showed on Tuesday, a stark contrast to their broad consensus on the current policy path. Separate remarks from Federal Reserve Governor Lael Brainard and Richmond Fed President Thomas Barkin on…
White House Expecting ‘Extraordinarily’ High Inflation in March
April 12, 2022
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The Biden administration warned that inflation numbers in March could be very high, ahead of the Bureau of Labor Statistics (BIS) inflation report scheduled to be released on Tuesday. “We expect March CPI headline inflation to be extraordinarily elevated due to Putin’s price hike,” White House press secretary Jen Psaki said to reporters on April…
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