CEOs are generally optimistic about the US economy: KPMG US CEO

March's inflation data added to US economic pressures, further muddying the outlook for Federal Reserve interest rate cuts and when exactly authorities should implement them. KPMG US President and CEO Paul Knopp joins the Yahoo Finance in-studio to discuss the prevalence of inflation and the results of KPMG's latest CEO survey, which measures CEOs' confidence in the U.S. economy.

„87% of CEOs were optimistic about the prospects for the U.S. economy. 78 or 79% were equally optimistic about the U.S. economy and the global economy. 72% of CEOs said their hiring will increase significantly in the next 12 months. Only 4% talk about cutbacks 12 months out, which aligns well. ” Knapp explains. „There's always a lot of geopolitical uncertainty. Cyber ​​is obviously on people's minds right now. And then, the tight labor market remains a concern, but that's something we've been leading for some time.”

Knopp also talks about research findings on corporations' geopolitical concerns, outlook on business operations, and AI adoption.

For more expert insights and the latest market action, click here to watch this full episode of Yahoo Finance.

This post was written by Luke Carberry Mohan.

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