Inflation fears among America's small businesses are rising again and their faith in the Fed is falling [MSNBC.com]
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Source: MSNBC.com
PlaybookInflation fears among America's small businesses are rising again and their faith in the Fed is fallingPublished Thu, May 2 2024Updated 2 Min AgoEric Rosenbaum@erproseWATCH LIVEKey PointsU.S. President Joe Biden ders remarks on lowering costs for American families during a visit to Goffstown, New Hampshire, U.S., March 11, 2024.Kevin Lamarque | ReutersThe fight against inflation was going well for the Federal Reserve and economy for much of last year and into 2024, but one important demographic 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 progressone or two cutsDisappointment over inflation is
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- 4/15/24 - Beat
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