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Report

Q1 2024 Experian Economics Main Street Report

Published August 12, 2024

Economic & Market Insights

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.

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