Sunday , 24 November 2024
Home Forex US February NFIB small business optimism index 89.4 vs 89.9 prior
Forex

US February NFIB small business optimism index 89.4 vs 89.9 prior

The drop last month indicates a more tepid mood among small businesses in the US to start the year. The reading is the 26th consecutive month below the 50-year average of 98, so that provides some colour to the data over the last two years. On the inflation front, only 21% of owners are expecting to raise their average selling prices and that is the lowest since January 2021. That should be some good news for the Fed at least. However, employment conditions are softening and that is one to keep an eye out for in the months ahead.

This article was written by Justin Low at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

ECB Villeroy says falling inflation allows the Bank to lower interest rates

Villeroy heads up the Bank of France. He spoke with Ouest-France newspaper,...

CCI Histogram Volume MT5 Indicator

The world of financial markets can feel like a whirlwind of charts,...

Global Market Weekly Recap: November 18 – 22, 2024

Global markets rallied despite heightened Russia-Ukraine tensions, with gold and oil gaining...

FX Weekly Recap: November 18 – 22, 2024

Major currencies saw wild swings as Russia-Ukraine tensions escalated. Safe havens rallied...