Recession Drumbeat Gets Louder As More U.S. CEOs Strike Mellow Note For 2023

Posted on AllSides December 9th, 2022
From The Center

Corporate America is starting to feel the chill of a looming recession as top executives from companies such as JPMorgan Chase & Co, Walmart Inc and United Airlines paint a grim economic picture for the coming year.

A survey by the Business Roundtable of top U.S. CEOs on Monday showed companies were planning to slow down hiring and capital investments for the next six months as borrowing costs rise sharply.

The U.S. Federal Reserve's relentless war on inflation, which is at a multi-decade high, through aggressive rate hikes is roiling...

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