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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

Based on the marco report from JPMorgan, it is expected "soft landing". Do you think the software consulting company will switch to growth mode at the end of the year? Any thoughts? Macro update As broadly expected, last week the FOMC raised the funds rate target range by 25bp to 5.25%-5.5%. While the Fed maintains a bias toward “additional policy firming,” no decisions have been made about the September meeting or any meeting after that. Fed Chair Powell clearly expressed that monetary policy decisions will be data dependent, noting two CPI reports, two payroll reports, and one Employment Cost Index report before the September meeting. Powell also emphasized the cumulative tightening that has occurred to date and that policy is restrictive and affecting the economy about as expected. Given that, he is seeing more two-sided risks—doing too much as well as too little. We continue to think the Fed will hold rates steady for the next nine months. On the economy, one of the bigger headlines came when Powell noted that the Fed staff has shifted its expectation from a recession later this year to a notable slowdown in growth, also known as a soft landing. Considering the economy’s resilience through the first half, including better than expected 2.4% GDP growth in the second quarter, moderating headline and core inflation, and still tight labor markets, we agree the probability for a soft landing versus a mild recession does appear to be improving. #jpmorgan #economy #softwareconsulting #outstaffing

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

The data docket was full last week, and markets rose in response to economic data showing a cooling labor market, which supported expectations that the Fed may keep interest rates unchanged at its next policy meeting. Looking ahead to next week, updates on service-sector activity and factory, durable goods, and capital goods orders will be in focus. Meanwhile, Q2 earnings season is coming to a close. #fed #markets #economy

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

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 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 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/ebrtMUtq   #BusinessOutlook #LaborMarket #WorkforceTrends

CEO optimism hits two-year high as inflation cools 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/gP5VdaZC   #BusinessOutlook #LaborMarket #WorkforceTrends

The Federal Reserve might offer fresh incentives in the second quarter, to cut rates even further this year. Tony Dwyer, the Chief Strategist at Canaccord Genuity, believes that the Fed will eventually intervene due to a weakening labor market and easing inflation. Dwyer expects the rate reduction will give financials, consumer discretionary, industrials and health care stocks a boost. The groups are positive this year. #ratereduction #Fed #Stockmarkets https://lnkd.in/dsbazd3Z