. About two-thirds of chief financial officers say the current level of interest rates have not impacted their spending plans, according to the CFO Survey conducted by Duke University and the Federal Reserve Banks of Richmond and Atlanta. That’s despite the Fed raising interest rates at the fastest pace in decades to cool inflation. Rates have surged to 15-year highs, raising the cost of capital for businesses and consumers alike.
The Fed has signaled it will likely keep raising interest rates next year, with benchmark rates likely to top 5%. On average, CFOs in the survey indicated they would pull back on spending if the fed funds rate hit 6.4% – a level well above what investors and Fed officials are penciling in for next year. The survey found that inflation remains the top worry of CFOs, followed by the worker shortage and rising interest rates from the Fed.
More rate increases coming until they do. The FED will not be denied.
We are truely in a recession no two ways about it and Biden lied about the jobs added this last week.. gaslighting ever with the help of cnn… cant wait til this trash is off the air.. at least msnbc doesnt hide its crazyness..
You know why, because they make the PEOPLE pay for it! FACT! Go to the Supermarket, go to auto dealer. Look at your investments! All disgraceful due to the reckless spending and failures of PEDOPHILE JOE!!
As usual, ordinary Americans are at receiving end of this disastrous Biden's regime policy
Why do most companies lay off workers in order to reduce expenses? Increasing the company's resource cost expenditure is equivalent to expanding the company, instead of increasing expenditure on employees, but laying off employees to reduce unnecessary expenses🤮
Save this article until 2nd quarter of 2023 so you can better understand that CNN has no f**king clue what they’re talking about.
Estão saindo de suas bolhas e vendo a real, só está começando.
Good. People should not expect to be fired to make profit margins.
“Globalism is Colonialism, and Globalist is a nice way of saying Colonizer.” Quote by Ian Goodman