US Federal Reserve Chair Jerome Powell sought on Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession. Testifying to the Senate Banking Committee, Powell faced skeptical questions from members of both […]
Kitsap Update
The Impact of Recession on Small Businesses.
Economists are buzzing about the threat of an impending recession. Their concerns aren’t unfounded. The Federal Reserve cut interest rates this summer for the first time since the 2008 financial crisis, and yield on the 10-year Treasury note dropped below the two-year yield several times in August. That’s not to say a recession is a given. Many economists […]
Inflation: The cost of necessities rose in June.
It’s clear that the realities many Americans face are vastly different from some of the economic indicators on paper. The burden of record-high inflation has continued to push the limits for people across the country. The costs of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade […]
US inflation hits a 40-year high of 8.6% as food, gas, and shelter costs rise
Inflation in the US rose unexpectedly last month to a fresh four-decade high of 8.6%, the labor department said on Friday. The latest consumer price index (CPI) figures showed that the cost of living increased by one percentage point from April and was broad-based, with the indexes for shelter, gasoline and food being the largest contributors. Gas […]
Ways to use video marketing to grow your business in Kitsap County.
Video content marketing is when brands produce video content to raise their profile online. Video is usually published on either YouTube or a social network, although it can also come in the form of webinars, courses, live videos, or self-hosted videos. When done well, video can be a powerful way for a brand to spread […]
Goldman Sachs expects oil prices to surge to nearly $140 a barrel this summer
Consumers desperate for relief from the scourge of sky-high gasoline prices won’t get it soon — at least, if the latest forecast from Goldman Sachs commodity analysts led by Jeff Currie is on track. In an update to their outlook for oil prices over the next 12-18 months, the team at Goldman warned that […]
US gas prices hit a new record high as more states pay $5 or more per gallon
Millions of Americans hit the road over Memorial Day weekend, with record-high gas prices pinching their wallets. The national average price for a gallon of regular unleaded gas hit $4.67 as of Wednesday, according to AAA, $1.63 higher than a year earlier and about 14% above the pre-2022 high of $4.11 set in 2008. Prices […]
Strategies for Quickly Expanding small Business in Kitsap County.
Growing a business can be a tedious process with many ups and downs. If anyone want to expand their business into new markets and take their business to the next level, here are 6 secrets to boosting your business growth and quickly expanding the business in Kitsap county. With many companies still facing state-imposed limitations […]
PMorgan CEO Jamie Dimon Warns of Incoming Economic Hurricane — Says ‘You Better Brace Yourself’
The CEO of JPMorgan & Chase, Jamie Dimon, warned about an incoming economic hurricane Wednesday at a financial conference sponsored by Alliancebernstein Holdings. “It’s a hurricane,” Dimon exclaimed. While noting that “Right now it’s kind of sunny, things are doing fine, everyone thinks the Fed can handle it,” the JPMorgan executive stressed: That hurricane is […]
Invasive European green crab found in Kitsap County’s Hood Canal
SEATTLE— An invasive European green crab was captured this week in Hood Canal, the farthest south the species has been found in the Salish Sea. Volunteers with Washington Sea Grant trapped the male European green crab in Nick’s Lagoon near Seabeck in Kitsap County, The Seattle Times reported. The organization has been tasked by the […]