Small-business optimism just hit an 11-year low. 'Will depressed small business owners depress the economy?'
The National Federation of Independent Businesss Small Business Optimism Index fell 0.9 points to 88.5 in March, marking the lowest level of small-business optimism in the U.S. since December 2012. Small business owners complain of inflation, high wages, and high input costs-none of which indicate a slowing economy. But Ed Yardeni, the veteran Wall Street economist and investment strategist, says the pessimism is a cause for concern but not yet a harbinger of a recession.