Home Banking & Finance Federal Reserve finds small businesses in prolonged crisis

Federal Reserve finds small businesses in prolonged crisis

A report today by the 12 U.S. Federal Reserve Banks paints a grim picture of the status of small businesses in the U.S. as a result of the Covid-19 pandemic. The Fed conducted its annual small-business survey during September and October and found that Covid-19 and the restrictions to combat it created a crisis for…

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