Small-business confidence in the United States is above its 52-year average even after accounting for the negative impacts from the 43-day federal government shutdown, Kelly Loeffler, administrator of the Small Business Administration (SBA), said during an interview with CNBC on Nov. 28.
“That’s because President Trump’s agenda has created tailwinds for small businesses that we haven’t seen in four years,” she said.
“Small businesses are more optimistic than they’ve been in seven years.
“So, what we’ve got going now are tax cuts, deregulation, fair trade. And we see that playing out across the economy with strong economic growth from GDP, rises in U.S. capital goods orders, inflation coming down to about half of where it was under the Biden administration. So, all of this has set us up for a great shopping season, which is forecast to surpass $1 trillion as we head into the Christmas season.”…