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The Federal Reserve’s Bold Interest Rate Cut Aligns with the Florida Chamber Foundation’s 2024 Economic Forecast – a Welcomed Decision for Florida’s Economy
By: Keith Richard, Ph.D., Vice President of Research, Florida Chamber Foundation On Tuesday, the Federal Reserve announced a 0.50 percentage point interest rate cut, its first reduction since March 2020. This cut aligns with the Florida Chamber Foundation’s 2024 economic forecast, which projected a rate cut in the second half of 2024. This larger-than-expected cut, surpassing the 0.25 percentage point drop forecasted by many economists, reflects the Fed’s determination to prevent the U.S. economy from…
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Florida Chamber of Commerce Announces Third Round of 2024 Legislative Endorsements
The Florida Chamber of Commerce is again uniting Florida’s business community to help make Florida more competitive, and today endorsed a bipartisan list of nine additional candidates running for election this year. These candidates underwent a thorough vetting by the business community as part of the Florida Chamber Political Institute’s Candidate Interview process. Covering five cities over six weeks, more than 80 business organizations joined together to interview over 100 candidates for state legislative office.…
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New Florida Chamber Statewide Poll Shows Donald Trump & Rick Scott Begin 2024 General Election Campaigns in Florida Leading Their Democratic Opponents, While Governor Ron DeSantis Remains Popular with Floridians
The most recent Florida Chamber statewide poll finds both Donald Trump and Rick Scott leading their Democratic opponents. Trump and Scott each lead their respective opponents by double digits among NPAs and older voters. The Florida Chamber’s new poll also finds Governor DeSantis retaining strong approval among Floridians, with 55% of Floridian voters holding a favorable view of the Governor. “The Florida Chamber Political Operations team constantly analyzes ChamberHub, the Florida Chamber’s exclusive voter file,…
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National Council on Compensation Insurance Filed Proposed 2025 Workers’ Comp Rates
Last Friday, the Florida Chamber of Commerce met with the National Council on Compensation Insurance (NCCI) to review the proposed 2025 workers’ compensation rates. NCCI, which files rate recommendations on behalf of Florida insurers, has proposed an average rate decrease of one percent. If approved, this decrease will contribute to a cumulative reduction of 78 percent since the reforms the Florida Chamber championed in 2003. Factors influencing this year’s rate filing include a reduction in…
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Why Florida Businesses Must Act Now on OSHA’s New Heat Safety Rule
Update (September 3, 2024): This article has been updated to reflect the publication of OSHA’s new heat safety rule on August 30, 2024, and the start of the 120-day comment period. As Florida businesses continue to navigate the challenges of protecting their workforce, an opportunity has emerged to shape national standards on heat safety. The Occupational Safety and Health Administration (OSHA) has officially published the nation’s first federal rule on heat illness prevention, aimed at…
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