Small-business owners were more upbeat about hiring, capital spending and sales expectations in October, lifting overall business confidence, according to a report released by the National Federation of Independent Business.
It is very difficult to imagine that accelerating price inflation is not far behind. With confidence growing, the desire to hold cash balances will decline, resulting in more of the trillions of dollars pumped into the system by the Federal Reserve since the financial crisis actively being used to bid for goods and services.
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