U.S. small business confidence rebounded in June, but inflation remains the biggest concern
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```htmlGolden Ten Data reported on July 14 that U.S. small business confidence improved in June. However, the proportion of business owners who consider inflation the "most important single issue" rose to the highest level in nearly two years, with more businesses indicating they have raised their average sales prices. According to the National Federation of Independent Business (NFIB) data released on Tuesday, the Small Business Optimism Index rebounded by 2.1 points to 97.4 in June, approaching the 52-year average of 98.0. The Uncertainty Index in the survey fell by 2 points to 89, but remains significantly above the historical average of 68. The improvement in business confidence and easing uncertainty may reflect the temporary drop in gasoline prices after the fragile ceasefire between the United States and Iran. However, after a tanker attack in the Strait of Hormuz last week, the ceasefire broke down, triggering reciprocal military strikes between the two countries. NFIB Chief Economist Bill Dunkelberg stated: "The current economic environment brings positive changes for small business owners, but persistent challenges remain. Lower fuel costs provide welcome relief for businesses and consumers, and businesses expect operating conditions to improve over the next six months."```
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