NFIB data: May small‑business confidence fell 0.6 points to 95.3, below the 52‑year mean of 98.0. The NFIB uncertainty index rose 3 points to 91, well above its historical mean of 68; NFIB attributed the jump largely to the Iran war’s impact on global oil and commodity supplies and said earlier resolution would speed a return to normal. Firms planning price increases in the next three months rose 7 percentage points to 34%—the highest since July 2022—while 36% of owners said they will raise pric

NFIB data: May small‑business confidence fell 0.6 points to 95.3, below the 52‑year mean of 98.0. The NFIB uncertainty index rose 3 points to 91, well above its historical mean of 68; NFIB attributed the jump largely to the Iran war’s impact on global oil and commodity supplies and said earlier resolution would speed a return to normal. Firms planning price increases in the next three months rose 7 percentage points to 34%—the highest since July 2022—while 36% of owners said they will raise prices, up 6 points from April and the highest since March 2023, signalling inflation may remain elevated.