Where Trump has support in battle with Fed over rates: The smallest small businesses via CNBCMakeIt
to cut interest rates by as much as 1% rather than raise them, arguing the move will boost the economy, there is one business segment where Trump might find support: the smallest shops on Main Streets across America.
Among all small business owners, the proportion saying they expect to increase headcount in the next 12 months ticked up three percentage points from the Q1 survey, to 31% this quarter, placing it right around the two-year average . But a substantial 1 in 5 small business owners with at most four employees say that hiring concerns are "not applicable" to them, indicating how comfortable they are at exactly their current size.
To attract more workers — and, importantly, qualified ones — these small business owners know they'll have to spend more cash. Overall, 24% of small business owners say they expect the cost of labor to outpace the cost of capital or the cost of raw materials in the next 12 months. That percentage jumps to 34% among businesses with 10 to 49 employees and to 44% among businesses with 50 or more workers.
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