The backbone of the US economy flashes stagflation warnings as uncertainty spikes on tariffs and layoffs — 'storm clouds are forming'

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• A recent survey of small businesses raised numerous red flags about the economy, including trends that point toward potential stagflation pressure. That's as President Donald Trump keeps companies guessing on what he will do next on federal layoffs and tariffs, raising uncertainty about prices, costs, and expansion plans.

Small businesses are the backbone of the American economy as they employ the vast majority of workers, and they are flashing warnings on stagflationary pressure.