US: NFIB Small Business Optimism Index expected to fall further - Rabobank

Piotr Matys, EM FX Strategist at Rabobank, explains that the consensus expectation of US NFIB Small Business Optimism Index is for a further fall to 104.7 in March after the Obamacare debacle.

Key Quotes

“The US NFIB Small Business Optimism Index rose sharply to 105.9 in January on the back of President Donald Trump’s pledge to implement significant fiscal stimulus, including substantial infrastructure spending, tax reforms and deregulations, positive sentiment faded in February when the Index edged lower to 105.3. The consensus expectation is for a further fall to 104.7 in March after the Obamacare debacle.”