Washington CNN —A greater number of small businesses are worried about inflation and future business conditions, according to a survey released Tuesday by the National Federation of Independent Business.
The Fed keeps a close eye on inflation expectations to know whether or not US consumers have become used to a certain level of inflation.
“Overall, small business owners are expressing concerns for future business conditions,” Bill Dunkelberg, NFIB’s chief economist, said in a release.
The share of small business owners expecting better business conditions in the future declined in May while the share reporting that inflation “was their single most important problem in operating their business” increased.
Officials are confident that inflation expectations remain in check.
Persons:
“, Bill Dunkelberg, it’s, ”, Jerome Powell
Organizations:
Washington CNN, National Federation of Independent Business, Federal, Fed, Labor Statistics, Index, Employers, Market Committee