U.S. stocks took a notable downturn Wednesday under mounting concerns about looming inflation and spikes in oil prices. Economic anxiety intensified when a report revealed that inflation was set to worsen, even before the conflict with Iran contributed to an oil surge.

A fresh Ohio Small Business Economic Trends (SBET) report by the NFIB Research Center suggests that Ohio’s small business owners are particularly optimistic. Their outlook appears stronger than national benchmarks, reflecting confidence in the state’s economic conditions.

President Trump has dismissed concerns about a possible recession resulting from ongoing trade wars, assuring the public that “Everything’s OK.” He downplayed economic worries, even as critics argue that his rebuff is merely a “front” in light of conflicting economic indicators.