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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
We’re So Back: Small Business Optimism Soars to Three-Year-High Following Trump VictorySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
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.
Source: komonews - 🏆 272. / 63 Read more »
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.
Source: wsfa12news - 🏆 338. / 59 Read more »
Small Business Saturday 2024: LA County cities offering incentives to shop smallSmall Business Saturday generated close to $17 billion in 2023.
Source: FOXLA - 🏆 445. / 53 Read more »
Small Business Optimism Remains High Despite Elevated Interest RatesDespite the Federal Reserve's indication of prolonged higher interest rates, small business optimism remains strong due to factors like a perceived easing of regulations, favorable tax environment, and a positive outlook on economic policy.
Source: wsyx6 - 🏆 444. / 53 Read more »