Know The Difference Minute

When it comes to the biggest external risk to their businesses, CFOs say softening consumer demand is at the top.

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A word from the CFO’s
Welcome to the Know the Difference Minute for Thursday, September 29th.
CNBC’s CFO Council quarterly survey is out. Compiled from data gathered from 21 CFO’s at Fortune 100 and Fortune 500 organizations, the majority, 57%, said that they don’t think inflation has peaked. Costco’s CEO figures it could be 6 months to a year.
When it comes to the biggest external risk to their businesses, worries over softening consumer demand is at the top. Overall inflation concerns are slightly down in the survey.
Most are still hiring. Almost 60% plan to add staff while only 10% expect to reduce.
As far a calling a recession, there isn’t a clear consensus. Nearly half of CFOs polled said they expect a recession in the first half of 2023. 19% say Q4 this year. Another 19% say we’re already in it.
I’m Dave Spano from Annex Wealth Management. That is your Know the Difference Minute.