For President Biden’s approval rating to go up, it’s obvious what needs to go down

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Presidents get credit for a strong economy in good times and blame for a struggling economy during bad times, as Biden is experiencing now due to inflation.

With inflation rising in every sector, small businesses may be the most reluctant to raise their own prices because they lack some of the price-setting power that helps large corporations keep their dominance.

Overall, twice as many small business owners say now is a bad time to raise prices than say now is a good time to raise prices.

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Category: StartupsEconomy

Topics: Business Inflation Small business Cnbc Politics Business News Articles Joe Biden Source:tagname:CNBC US Source Small Business Special Reports Small Business Playbook Small Business Administration

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-05-07, 13:45:45

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 6 minutes read

Article Length: 910 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 15301

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About CNBC

Main Topics: StartupsEconomy

Official Website: cnbc.com

Year Established: 2005

Headquarters: United States

News Last Updated: 2w ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #45

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