Spending during the first quarter exceeded expectations, providing much-needed cash flow for small businesses. This influx of capital has enabled small firms to reduce debt and consider future growth and capital expenditures. Despite inflationary pressures and tighter lending conditions, the outlook remains cautiously optimistic. The Federal Reserve’s anticipated rate cuts, expected to begin late in 2024, could further stimulate economic activity and provide a boost to small businesses.
Join our industry experts as they discuss national economics and credit trends and housing and auto sector trends as of October 2024.
Read the latest regional consumer spending and economic growth trends, as well as our in-house macroeconomic forecasts for the year ahead.
Explore state-level and industry level data that banks, credit unions and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.
Explore state-level and industry level data that banks, credit unions and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.
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