CFOs: Hiring and spending plans weaken, fed policy viewed as ineffective
Wednesday, September 12, 2012 - 08:03
in Psychology & Sociology
U.S. CFOs are growing more pessimistic about the American economy, with hiring and spending plans significantly weakening since last quarter. Finance chiefs say that their business spending plans are not sensitive to moderate changes in interest rates, suggesting that there is little that the Federal Reserve can do to stimulate investment at this time. In addition, CFO concerns about Europe also have increased in the past three months.