NEW YORK, NEW YORK - DECEMBER 15: Marcus Samuelsson attends José Andrés and Family in Spain D+ Series reception at Mercado Little Spain on December 15, 2022 in New York City. (Photo by John Lamparski/Getty Images for HBO)
Black History Month is coming to an end, which closes out Cheddar News' month-long series featuring Black-owned businesses and entrepreneurs.
Highlighted companies and individuals ranged from breweries and ice cream shops to celebrity chefs and congressional leaders.
Experts also provided background on the challenges facing Black-owned businesses and highlighted the untapped spending power of the Black community.
Here's a final rundown of the series in celebration of the end of Black History Month:
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.