Curated articles for entrepreneurs, small businesses, and employers. Keep up with the latest news on local, state, and national business trends.
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Disruptions from Russia’s invasion of Ukraine, White House actions to address ongoing economic pressures, efforts to finally return to the office, and the latest happenings in Connecticut are among the top items in small business news from the past week.
Russian invasion creates economic uncertainties
The Russian invasion of Ukraine is raising concerns about further disruptions to the global economy. There are fears that the situation could potentially create further inflation in areas such as oil, food, raw materials, and finished products. However, the economic impact may be determined by the extent of the conflict as well as the effect of new sanctions from the United States and Europe.
Ongoing inflationary pressure, signs of a return to normal after COVID-19, small business actions in Congress, and actions from the Connecticut General Assembly are among the top business news items from the past week.
Inflation response
Inflation continues to pressure businesses, with the Labor Department’s wholesale price index showing a 9.7 percent increase in input prices in January compared to a week earlier. The Federal Reserve is looking to begin rate hikes next month in an effort to rein in inflation, and could accelerate its schedule of rate increases for the remainder of the year.
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Ongoing concerns about inflation, efforts to improve the Small Business Administration’s resources, worker trends, and the start of Connecticut’s legislative session are among the top business news items from the past week.
Continuing inflation concerns
The consumer price index for January shows a 7.5 percent increase in consumer prices and a 6 percent rise in core inflation, the highest levels since 1982. The ongoing inflationary pressure is increasing the likelihood that the Federal Reserve will begin raising rates next month.
The National Federation of Independent Business says inflation continues to trouble small business owners,
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