Pessimistic businesses stall new hirings

(CNN, KYMA/KECY) - Uncertainty is the key word that is impacting businesses lately, according to a new survey of businesses released by the Federal Reserve.

The report shows that overall economic activity has not changed very much over the past two months, but uncertainty around international trade policy is scaring many business.

As a result, business owners are putting off long term plans and reeling off in spending.

One key area where you could see this notable change is in hiring as many companies have slowed down on bringing in new workers until they have better clarity on long term economic conditions.