Blogs

Even as Covid-19 infections caused by the delta variant continue to rise in some areas of the country, economic activity continues to increase. Consumer spending rose at an annualized rate of 11.8 percent in the second quarter, according to the U.S. Bureau of Economic Analysis. Payroll employment increased by 943,000 in July, according to the U.S. Bureau of Labor Statistics, above expectations. The best news is that spending increases were led by food services and hospitality, some of the mainstays of local economies. Commercial enterprises are now seeking ways to grow as the economy expands...

As more economic stimulus has been poured into the economy over the last year in an attempt to stave off the worst effects of the pandemic, an increasing number of economic professionals have warned against a coming spike in inflation. While the United States historically has had a low overall rate of inflation compared to other countries, there are still some troubling signs for businesses to shield themselves against. Some inflation is inevitable as the country emerges from the pandemic simply as a normalization from the unusually low growth in 2020. Finding ways to creatively cope with a...