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-0.000162085812860336 -0.000694653483687247 -0.000358904299905001 0.000127353138676006 0.000879894412670469 0.00391321462477134 0.00125616504966777 0.00162085812860349
Stock impact report

Inflation fears among America's small businesses are rising again and their faith in the Fed is falling [CNBC]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: CNBC
remained unconvinced about the progress being made in lowering pricing: small business owners. Now, more influential parties are coming around to a view that small businesses have been stubborn in saying is closer to the on-the-ground truth: inflation isn't coming down fast enough. On Wednesday, Federal Reserve Chair Jerome Powell conceded that after three months of disappointing data on inflation, there has been a “ lack of further progress ” this year. Market traders, who not long ago were in interest rate cut euphoria mode and forecasting up to six rate cuts by the Fed this year, are now more likely to see one or two cuts at most. Disappointment over inflation is nothing new for small business owners, and their frustration over high prices is increasing again, according to the CNBC|SurveyMonkey Small Business Survey for Q2 2024 One in four (24%) small business owners tell CNBC that they think inflation has reached a peak, down from 29% in the previous quarter, and back to whe Show less Read more
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