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🇺🇸 Three Fed presidents break for a hike as small business optimism hits an 11-month high
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🇺🇸 Three Fed presidents break for a hike as small business optimism hits an 11-month high

Macro Soup Newsroom Macro Soup Newsroom 3 min read

Three sitting Fed policymakers, Hammack, Kashkari and Logan, are now on record favoring a rate hike after dissenting at the July meeting, while small-business optimism hit an 11-month high of 99.8. Wednesday's CPI print becomes the tiebreaker for September policy.

NFIB graphic with large 99.8 (+2.4) reading for Small Business Optimism Index beside a photo of a worker at industrial pottery equipment.
NFIB small-business optimism climbed to 99.8 in July, above its 52-year average of 98.0, with hiring plans leading the rebound. Source

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