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What Businesses Are Saying

A look into how regional businesses feel about the economy and its future

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As a regional Reserve Bank, we’re driven by our public service mission to strengthen the economy and our communities across the Fifth District.

Daniel Davis

"The Center for Rural Economies represents our commitment to strengthening rural communities and economies. By centralizing our efforts, conducting rigorous research, and fostering partnerships, we're working to create lasting opportunities and build resilience across rural America."

Daniel Davis
Group Vice President for Regional Economics and Center Leadership

Federal Reserve Bank of Richmond

By the Numbers

30%

of respondents to the third quarter CFO Survey marked tariff and trade policy as a top concern. However, the overall outlook for the U.S. economy among financial decision-makers improved somewhat in the third quarter of 2025, as uncertainty declined.

Photo of Justin Metzgar

"I translate cyber-speak from 'That's scary' to 'I understand.'"

- Justin, National IT