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Title: CEOs See Business Conditions Improving: Survey
Source:
REUTERS
URL Source: http://news.yahoo.com/s/nm/20110217 ... AzEEcHQDaG9tZV9jb2tlBHNlYwN5bl
Published: Feb 17, 2011
Author: REUTERS
Post Date: 2011-02-17 16:31:46 by Brian S
Keywords: None
Views: 2867
Comments: 3
BOSTON (Reuters) – Chief executives of major U.S. companies have a brightening view of business and economic conditions and look for the Federal Reserve to raise interest rates modestly this year, a survey by the Business Council found. A strong majority -- 70.4 percent -- of CEOs expect business conditions in their industry to improve over the next six months, the group said in a study conducted with The Conference Board and released on Thursday. That represents a marked change from the last edition of the survey, in October, when just 34.2 percent expected business conditions to improve. The improvement reflected a surge in confidence about the U.S. economy, and a brightening of CEOs' views of Europe, while their confidence in China deteriorated. Just under 46 percent expected Chinese business conditions to pick up over the next six months, compared with 49.3 percent who expected that in October. CEOs expect the Federal Reserve to leave its target funds rate steady at 0 to 0.25 percent through June and then raise it by 0.25 percentage points to 0.5 percentage points by December. The group's 124 members include the heads of some of the largest U.S. companies including Exxon Mobil Corp, General Electric Co and Bank of America Corp. The group did not say how many of its members responded to the survey. Their confidence did not extend to hiring, though. Fifty-one percent said they expected to add workers in select areas, but respondents expected unemployment to remain elevated at 9.1 percent to 9.5 percent. They did expect to pay their workers more, with 40 percent expecting wage growth this year, up from 25 percent who expected that in October. Thirty-five percent look for prices to rise, up from the 26 percent who did so in October. Respondents also expressed concerns about rising state-government deficits, with 81.3 percent agreeing that state deficits had become as big a concern as the U.S. federal deficit.
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#1. To: Brian S (#0)
Happy days are here again. /sarc
Today is the second anniversary of Obamas stimulus bill. He isn't out celebrating it saying how he saved western civilization now is he? He isn't because there are more then 2 million people who lost their jobs after that debt blunder.
Indeed. Consumers are again running to their credit-cards, because they're believing the propaganda. (((shaking head in disbelief)))
Socialist ass-hats think "There will be no more money when the U.S. dollar has no value, until that time we can keep printing more." And yes, that IS from LF's answer to Ben Bernanke, go65, leading disfunctional and delusional socialist of the forum. "You want me to kill THE ENEMIES of Jappos, I'll kill THE ENEMIES of Jappos, Rebs, or Sioux, or Cheyenne... For 500 bucks a month I'll kill whoever you want. But keep one thing in mind: I'd happily kill you for free." Algren, "The Last Samurai"
#2. To: Happy Quanzaa, Brian S (#1)
#3. To: Happy Quanzaa (#1)
Happy days are here again. /sarc
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