The FED Said Last summer, we reported that one fifth of firms in the July Survey of Business Uncertainty (SBU) were reassessing capital expenditure plans in light of then-recent tariff hikes and retaliation concerns. Roughly 6 percent had already cut or deferred capital spending as a result of tariff worries. Since then, tariff hikes and trade policy […] Read more
The FED Said Report on Nonemployer Firms Based on the 2017 Small Business Credit Survey Nonemployer firms1 are important to the United States’ economy, comprising 81% of all small businesses,2 employing 17% of the American workforce,3 and generating $1.2 trillion in annual sales.4 While previous research has explored why individuals seek self-employment5 or what conditions drive nonemployers to become employer […] Read more
The FED Said Fading housing affordability remains a challenge for residential builders who already face headwinds from labor cost increases and higher material costs. U.S. home sales have staged a strong comeback in the aftermath of the recession, but many builders are not expecting this year’s sales to be as healthy as they were in […] Read more
The FED Said Although millennials have been known to be the most charitable age group compared to earlier generations, they are, ironically, holding their money very close when it comes to taking financial risks. According to a recent study from the Federal Reserve, millennials are less well off than previous generations of young adults. They […] Read more