The rate of inflation, as measured by the consumer price index, cooled in December to 6.5% compared with a year earlier.
In a recent poll of economists by the Wall Street Journal, experts put the likelihood of a recession at 61% in the coming months.
The Index of Consumer Sentiment is currently at 64.6, up from 59.7 in December and 56.8 in November.
Small company owners’ opinions of the business environment are on the upswing. Sixty percent of small businesses expect increased revenues in 2023.
New data from online lender Biz2Credit finds that loans to small businesses grew very little in 2022.
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