Inflation fears on Main Street are running hotter again [Video]

The fight against inflation was going well for the Federal Reserve and economy for much of last year and into 2024, but one important demographic remained unconvinced about the progress being made in lowering pricing: small business owners.

Now, more influential parties are coming around to a view that small businesses have been stubborn in saying is closer to the on-the-ground truth: inflation isn’t coming down fast enough. On Wednesday, Federal Reserve Chair Jerome Powell conceded that after three months of disappointing data on inflation, there has been a “lack of further progress” this year. Market traders, who not long ago were in interest rate cut euphoria mode and forecasting up to six rate cuts by the Fed this year, are now more likely to see one or two cuts at most.

Disappointment over inflation is nothing …