Topline
As stubbornly high inflation and a tight labor market weighed on sales and earnings, small business sentiment plummeted to the lowest level in a decade last month—a worrying sign that Main Street may become the latest facet of the economy to take a major blow amid the Federal Reserve’s economic tightening campaign.
Key Facts
The Small Business Optimism Index fell by 1.1 points in April to 89—hitting the lowest level in just over 10 years, as business owners reported dampened expectations for the broad economy, sales and earnings, the National Federation of Independent Business reported Tuesday.
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