Fed Report: Most small businesses face financial challenges last year

In a Fed report, small businesses said that:

  • they faced financial challenges last year.
  • Performance was steady over 2023
  • The biggest challenges were higher costs, wages in 2023.
  • Higher interest rates was a financial challenge.
  • They are more likely to expect higher user revenue, hiring.
  • They had more debt in 2023.
  • Faced reduced pandemic related challenges in 2023

This article was written by Greg Michalowski at www.forexlive.com. Source