American small business pessimism on recession, inflation, isn't relenting
Publishing timestamp: 2023-02-09 11:42:05
Summary
Stocks have posted sizable gains to start the year, with the S&P 500 up 8%, on hopes that a soft landing for the economy is in the cards. However, small business owners remain pessimistic about the economy and lack confidence in the Federal Reserve to get inflation under control. The National Association for Business Economics' survey for January showed a big drop in the percentage of respondents who expect their firm's sales to increase in the next three months. Despite this, 65% of small business owners say they are prepared to withstand a recession.
Sentiment: MIXED
Keywords: economic events, small business, economy, u.s. economy, momentive global inc, s&p 500 index, business news,