Inflation Hits Highs as Small Business Optimism Hits Lows
Today’s news that inflation hit 9.1 percent in June comes a day after NFIB released it latest small business report, and the results are grim. Small business sentiment is down for the sixth straight month and hit its lowest level in nearly five decades. It’s yet another reminder that there could not be a worse time to raise taxes on American employers.
NFIB’s numbers show that employers continue to be extremely pessimistic about the economic outlook. The percent of employers expecting business conditions to improve in the next six months decreased 7 points to a net negative 61 percent, …
(Read More)