What if small businesses know more about the future of the economy than Wall Street does?

Small businesses are the heartbeat of the U.S. economy—and their latest survey reveals a story you can’t afford to miss.

In this episode, John Silvia digs into the newest NFIB Small Business Economic Trends report, uncovering what’s really happening behind the headlines. Optimism is climbing back above its 52-year average, but so is uncertainty—painting a picture of growth shadowed by risk.

Why are firms raising prices faster than last year? Why is labor quality a bigger problem than labor cost? And what do these pressures mean for profits, Fed policy, and ultimately your investments?

From inflation that won’t let up, to hiring struggles, to the warning signs in compensation trends—these ground-level insights tell us where the economy is headed next.

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