isn't likely to cut into their optimism much, according to a National Federation of Independent Business official.executive director of research, said interest rates staying higher for longer than expected will frustrate many small business owners.“I don't believe it will be a significant contributing factor to any potential easing of optimism going forward,” she said. “Their main concerns are taxes and regulations, labor participation, and inflation.
This continued the reversal of the higher rates the Fed monetary policymakers implemented between 2022 and 2023 as a lever to tame inflation.Chief Financial Analyst Greg McBride said the Fed showed it will take “a more cautious, deliberate approach in 2025 because of inflation remaining stubbornly high.” And the Fed’s projections now indicate just two interest rate cuts for next year, down from an expectation of four rate cuts in September.
And now business owners aren’t worried that the provisions from Trump’s Tax Cuts and Jobs Act of 2017 will expire at the end of next year.
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Alabama Governor Encourages Support for Small Businesses on Small Business SaturdayAlabama Governor Kay Ivey has declared the Saturday following Thanksgiving as Small Business Saturday, emphasizing the vital role small businesses play in the state's economy and communities. The governor encourages residents to support local businesses during the holiday season.
منبع: wsfa12news - 🏆 338. / 59 ادامه مطلب »
BBB Urges Shoppers to Support Small Businesses on Small Business SaturdayThe Better Business Bureau (BBB) is encouraging consumers to allocate some of their Black Friday leftovers to Small Business Saturday, promoting the use of local and independent businesses. The BBB highlights the significant economic impact this day has on small businesses and their communities, and suggests ways for shoppers to find and support these establishments.
منبع: komonews - 🏆 272. / 63 ادامه مطلب »
Small Business Saturday 2024: LA County cities offering incentives to shop smallSmall Business Saturday generated close to $17 billion in 2023.
منبع: FOXLA - 🏆 445. / 53 ادامه مطلب »
Small business owners ‘optimistic' about holiday shopping despite fewer daysThe holiday shopping season is five days shorter than last year, and owners of small shops say people have been quick to snap up holiday décor early.
منبع: NBCNewYork - 🏆 270. / 63 ادامه مطلب »
Small Business Owners Urged to Register With FinCEN Despite Legal UncertaintyA rule requiring small business owners to register with FinCEN by January 1st, as part of the Corporate Transparency Act, is currently on hold due to a court injunction. While FinCEN considers registration voluntary, small business owners are advised to monitor the situation as the injunction could be overturned.
منبع: ksatnews - 🏆 442. / 53 ادامه مطلب »
Small Business Optimism Remains High Despite Fed Rate HikesSmall business optimism continues to be strong, despite the Federal Reserve's decision to keep interest rates higher for longer. The National Federation of Independent Business (NFIB) reports that small business owners are more concerned about taxes, regulations, labor participation, and inflation than rising borrowing costs.
منبع: 13WHAM - 🏆 256. / 63 ادامه مطلب »