The market took a breather from the Turkey-induced selloff with US equity futures pointing to a higher open this morning while Treasuries are slightly lower. The Turkish lira moved into positive territory while the country’s main equity index also saw gains. The NFIB Small Business Optimism index came in at 107.9 just shy of the all time of 108 set back in 1983. The reading indicates that tariff fears haven’t impacted the outlook of small business owners who plan on hiring more employees and growing their businesses. The survey also indicated that the biggest problem facing small business is the lack of qualified workers; given this scarcity wages should increase in order to attract new employees.
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