D'oh..... But, but, but.... Trump didn't make his bed today......
https://www.fxstreet.com/analysis/nfib-small-business-optimism-index-surges-in-may-201906111413
Small business optimism rose to the highest level since October. Capex plans rose, while inflationary pressures fell. The labor market components remain strong, which should allay fears of a broad slowdown in hiring.
Small Businesses Undeterred by Trade Uncertainty
https://www.fxstreet.com/analysis/nfib-small-business-optimism-index-surges-in-may-201906111413
Small business optimism rose to the highest level since October. Capex plans rose, while inflationary pressures fell. The labor market components remain strong, which should allay fears of a broad slowdown in hiring.
Small Businesses Undeterred by Trade Uncertainty
- Small firm confidence rose 1.5 points in May to 105.0. Despite trade uncertainty, owners are confident about future prospects. Notably, 30% of firms plan to increase capital spending outlays, a historically high level and up three points during the month.
- The NFIB noted some further moderation in inflation. The share expecting to raise selling prices fell to only 20%, suggesting slowing demand may be curbing pricing power.
