"Monetary policy appears to be further dampening business spending and hiring plans,” said John Graham, finance professor at Duke University’s Fuqua School of Business and the director of the survey. “Overall, the weak (but still positive) growth in 2023, followed by improved prospects in 2024, suggests that policymakers may yet pull off a soft landing for the U.S. economy.” View the full results >
How are Interest Rates Impacting Spending?
In the most recent CFO survey, financial decision-makers shared whether interest rate hikes have caused them to pull back on their spending plans, and for those not yet affected, whether further hikes would impact their firm. Compared to the fourth quarter of last year, a higher percentage of firms reported that interest rates have curtailed capital and non-capital spending plans. Read more in Research & Commentary >
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