The latest Business Roundtable survey reveals a significant decline in CEO confidence, marking the first time this year that it has dipped below the historical average.
Joshua Bolten, CEO of the Business Roundtable, highlighted that this is the second consecutive quarter where CEOs are moderating their hiring plans, which reflects a growing concern about the economic outlook.
Despite lowered hiring sentiment, less than 30% of executives plan to decrease hiring, showing some optimism remains, as 34% expect to increase headcount in the upcoming months.
The survey results align with the Fed's view of a softening economy, as more CEOs predict a slowdown in sales, affecting their hiring and investment strategies.
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