Top CFOs are as bullish on the Dow and as dovish on the Fed as they've been in a long time: CNBC survey
Publishing timestamp: 2024-03-13 10:58:33
Summary
CFOs are positive on the performance of the Federal Reserve and believe it can achieve a "soft landing" for the economy. They see the U.S. economy and equities market continuing to grow, despite concerns about inflation. CFOs expect inflation to remain above the Fed's target until at least 2025 and do not anticipate interest rate cuts until September. There is optimism about the stock market reaching new highs, with technology leading the way. CFOs are also showing interest in strategic M&A despite regulatory challenges. The biggest risk cited by CFOs is consumer demand.
Sentiment: MIXED
Tickers: .DJI,
Keywords: economy, u.s. economy, prices, business news, dow jones industrial average, breaking news: economy, cfo,