According to Bank of America's latest data, small business optimism remains below pre-pandemic levels. Yahoo Finance's Wealth! welcomes Bank of America (BAC) President and Co-Head of Business Banking Raul Anaya to talk about some of the biggest costs small businesses in the US must contend with, including rent prices and wage inflation.

"We look at the inflow and outflow of payments within our small business accounts, which, by the way, we have over 3.5 million small business clients," Anaya tells Brad Smith. "And the inflow-to-outflow ratio — which is kind of a proxy to profits — was actually up in May, and it's the highest level since March of 2023. So that's a positive sign."

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This post was written by Luke Carberry Mogan.