KEYT on Nostr: Inflation is cooling, but small businesses are still suffering ========== Small ...
Inflation is cooling, but small businesses are still suffering
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Small businesses in the US are still grappling with the effects of inflation and a labor shortage, according to the National Federation of Independent Business's most recent monthly survey. Some business owners are also pointing to a weakening consumer as a newer reason to feel less optimistic. Recent national data shows a pullback in spending by Americans, with US retail sales falling 0.8% in January. Small businesses drive almost half of US economic activity. Despite easing inflation, small businesses may be delayed in feeling the effect, but prolonged stable prices may help their sentiment turn around.
#Inflation #SmallBusinesses #LaborShortage #ConsumerSpending
https://keyt.com/news/money-and-business/cnn-business-consumer/2024/02/26/inflation-is-cooling-but-small-businesses-are-still-suffering/
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Small businesses in the US are still grappling with the effects of inflation and a labor shortage, according to the National Federation of Independent Business's most recent monthly survey. Some business owners are also pointing to a weakening consumer as a newer reason to feel less optimistic. Recent national data shows a pullback in spending by Americans, with US retail sales falling 0.8% in January. Small businesses drive almost half of US economic activity. Despite easing inflation, small businesses may be delayed in feeling the effect, but prolonged stable prices may help their sentiment turn around.
#Inflation #SmallBusinesses #LaborShortage #ConsumerSpending
https://keyt.com/news/money-and-business/cnn-business-consumer/2024/02/26/inflation-is-cooling-but-small-businesses-are-still-suffering/