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flag U.S. small-business optimism fell in September due to inflation, supply issues, and uncertainty, despite strong hiring and profits.

flag U.S. small-business optimism dipped to 98.8 in September, below expectations and the long-term average, according to the NFIB. flag The decline, the first in three months, was driven by rising inflation, supply issues affecting 64% of businesses, and growing uncertainty, with the uncertainty index hitting its fourth-highest level in over 51 years. flag Despite concerns, hiring plans reached a recent high, and profits rose to their strongest level since late 2021, though labor shortages and tax worries persist. flag The impact of the recent government shutdown may appear in the October report.

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