Yet the economy continued to burn hot, with job openings outstripping the supply of workers and consumers spending freely.
Some categories driving inflation sank back quickly, like furniture and food, while others — like energy — have resurged.
In September, the central bank held its rate steady, but signaled that the rate would stay high for longer than the market had anticipated.
For start-ups, which proliferated over the last few years, the concern is about the survival or failure of their businesses.
Most entrepreneurs use their savings and help from friends and family to start businesses; only about 10 percent rely on bank loans.
Persons:
“ We’ve, ”, Gregory Daco, Luke Pardue