No recession here:

US Small Business Optimism Deteriorates
The NFIB Small Business Optimism Index in the United States fell to a three-month low of 91.3 in October of 2022, compared to 92.1 in September. Thirty-three percent of owners reported that inflation was the most important issue in operating their business, up three points from September. At the same time, the number of owners who plan to increase employment in the next three months fell to 20% and 50% said they raised average selling prices. “Owners continue to show a dismal view about future sales growth and business conditions, but are still looking to hire new workers,” NFIB Chief Economist Bill Dunkelberg said.

Still going strong, supported by deficit spending approaching 5% of GDP that is supporting personal income and spending:

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