Improvements in inflation data and belief in an upcoming rate cut are fueling CEO optimism. If the past week’s market rally didn’t make it clear, our May CEO Confidence Index poll confirms it: America’s business chiefs are seeing good things on the horizon. And by horizon, we mean post-election. After a slump in April, when our forward-looking indicator tumbled nearly 7 percent due to Fed wavering about its next move, the most recent data collected from the 156 CEOs we polled May 7-8 shows an improvement in 12-month forecasts. Our Index, which measures CEOs’ confidence in business conditions 12 months out, is now at 6.7 on a 10-point scale where 1 is Poor and 10 is Excellent, up 2 percent from 6.5 in April—and the second highest reading of the year so far, up 4 percent from where we started 2024. #staffing #manufacturing #logistics #distribution #jobs #surestaff #chicagojobs #detroitjobs #dallasjobs #memphisjobs https://lnkd.in/ebcxy89T
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Improvements in inflation data and belief in an upcoming rate cut are fueling CEO optimism. If the past week’s market rally didn’t make it clear, our May CEO Confidence Index poll confirms it: America’s business chiefs are seeing good things on the horizon. And by horizon, we mean post-election. After a slump in April, when our forward-looking indicator tumbled nearly 7 percent due to Fed wavering about its next move, the most recent data collected from the 156 CEOs we polled May 7-8 shows an improvement in 12-month forecasts. Our Index, which measures CEOs’ confidence in business conditions 12 months out, is now at 6.7 on a 10-point scale where 1 is Poor and 10 is Excellent, up 2 percent from 6.5 in April—and the second highest reading of the year so far, up 4 percent from where we started 2024. #staffing #logistics #manufacturing #distribution #Toledojobs #Detroitjobs #transportation https://lnkd.in/ebcxy89T
CEO Confidence Rises In May Poll On Fed Hopes
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On the one hand, at the beginning of this year – a scant five months ago – 9 out of 10 of the nation’s economists were on the record predicting the Fed would cut interest rates at its May 1 meeting. On the other hand, by the time the Fed met last week, 97% of those same economists were saying just the opposite. Now we know why President Harry Truman once pleaded: “Give me a one-handed economist!” With hopes of rate cuts fading fast, the pressure is now on corporate profits. We’re in the middle of quarterly earnings season, and while overall the reported results so far have been decent, they aren’t overly impressive. Plus, we learned last week that companies are having to pay higher wages to attract employees – something else that could keep inflation and interest rates elevated for a while. All of which might explain the recent pullback in stock prices. #WealthAndWisdom #YourWayToTrueWealth #TrueWealth
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A new survey from the Conference Board and Business Council finds that CEO optimism rose this quarter to the highest level in two years. This comes amid cooling inflation and signals from the Federal Reserve that it will start cutting interest rates this year. Nearly one-third of respondents said conditions have brightened in the past six months and 36% believe the economic outlook will improve during the next six months. Read more in CFO Dive. https://lnkd.in/eh_rgD55 #BusinessOutlook #LaborMarket #WorkforceTrends
CEO optimism hits two-year high as inflation cools: Conference Board
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CEO optimism hits two-year high as inflation cools: Conference Board A new survey from the Conference Board and Business Council finds that CEO optimism rose this quarter to the highest level in two years. This comes amid cooling inflation and signals from the Federal Reserve that it will start cutting interest rates this year. Nearly one-third of respondents said conditions have brightened in the past six months and 36% believe the economic outlook will improve during the next six months. Read more in CFO Dive. https://lnkd.in/gGJm_JCv #BusinessOutlook #LaborMarket #WorkforceTrends
CEO optimism hits two-year high as inflation cools: Conference Board
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“In our view, the combination of weaker-than-expected (but still solid) updates on employment recently and last week's updates on inflation provide more than enough evidence for the Fed to confidently cut its policy rate by ‘at least’ 25 basis points on Wednesday as it looks to begin its policy easing cycle. But more importantly, the committee may look to evolve its messaging on Wednesday to communicate that ‘growth’ (i.e., maintaining stable employment) has become a key factor in driving rate decisions moving forward, possibly even more than price stability (i.e., inflation).” – Anthony Saglimbene, Ameriprise Chief Market Strategist #StayonTrack #ColibriCapital - For where you want to go in life!
The Fed has more than enough evidence to cut rates this week
ameriprise.com
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“In our view, the combination of weaker-than-expected (but still solid) updates on employment recently and last week's updates on inflation provide more than enough evidence for the Fed to confidently cut its policy rate by ‘at least’ 25 basis points on Wednesday as it looks to begin its policy easing cycle. But more importantly, the committee may look to evolve its messaging on Wednesday to communicate that ‘growth’ (i.e., maintaining stable employment) has become a key factor in driving rate decisions moving forward, possibly even more than price stability (i.e., inflation).” – Anthony Saglimbene, Ameriprise Chief Market Strategist #StayonTrack #ColibriCapital - For where you want to go in life!
The Fed has more than enough evidence to cut rates this week
ameriprise.com
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“In our view, the combination of weaker-than-expected (but still solid) updates on employment recently and last week's updates on inflation provide more than enough evidence for the Fed to confidently cut its policy rate by ‘at least’ 25 basis points on Wednesday as it looks to begin its policy easing cycle. https://bit.ly/4eeqhV6 But more importantly, the committee may look to evolve its messaging on Wednesday to communicate that ‘growth’ (i.e., maintaining stable employment) has become a key factor in driving rate decisions moving forward, possibly even more than price stability (i.e., inflation).” – Anthony Saglimbene, Ameriprise Chief Market Strategist
The Fed has more than enough evidence to cut rates this week
ameriprise.com
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A new survey from the Conference Board and Business Council finds that CEO optimism rose this quarter to the highest level in two years. This comes amid cooling inflation and signals from the Federal Reserve that it will start cutting interest rates this year. Nearly one-third of respondents said conditions have brightened in the past six months and 36% believe the economic outlook will improve during the next six months. Read more in CFO Dive. https://lnkd.in/gUDPFKjN #BusinessOutlook #LaborMarket #WorkforceTrends
CEO optimism hits two-year high as inflation cools: Conference Board
cfodive.com
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In our view, the combination of weaker-than-expected (but still solid) updates on employment recently and last week's updates on inflation provide more than enough evidence for the Fed to confidently cut its policy rate by ‘at least’ 25 basis points on Wednesday as it looks to begin its policy easing cycle. But more importantly, the committee may look to evolve its messaging on Wednesday to communicate that ‘growth’ (i.e., maintaining stable employment) has become a key factor in driving rate decisions moving forward, possibly even more than price stability (i.e., inflation). – Anthony Saglimbene, Ameriprise Chief Market Strategist
The Fed has more than enough evidence to cut rates this week
ameriprise.com
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“In our view, the combination of weaker-than-expected (but still solid) updates on employment recently and last week's updates on inflation provide more than enough evidence for the Fed to confidently cut its policy rate by ‘at least’ 25 basis points on Wednesday as it looks to begin its policy easing cycle. https://bit.ly/47Ccghq But more importantly, the committee may look to evolve its messaging on Wednesday to communicate that ‘growth’ (i.e., maintaining stable employment) has become a key factor in driving rate decisions moving forward, possibly even more than price stability (i.e., inflation).” – Anthony Saglimbene, Ameriprise Chief Market Strategist
The Fed has more than enough evidence to cut rates this week
ameriprise.com
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