Upbeat small businesses don't alter broad picture

The latest increase in CFIB's small business optimism index to a six-month high of 65.6 in October, from 62.0 in September, doesn't alter the big picture that the economy may have slowed further at the start of the fourth quarter. Admittedly our seasonally-adjusted measure of the quarterly CFIB index has risen somewhat, but it still points to sub-par fourth-quarter GDP growth.

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