As the Federal Reserve continues to struggle with inflationary pressures, KPMG US Chair and CEO Paul Knopp has shed light on the pervasiveness of this issue in a recent interview with Yahoo Finance. Inflation data from March has only added to the challenges facing the United States, making it more difficult for the Fed to decide when to implement interest rate cuts.
According to Knopp, KPMG’s latest CEO survey revealed that 87% of CEOs are optimistic about the prospects for the US economy, with a similar level of optimism for the global economy. Despite geopolitical uncertainty and challenges related to cyber threats and a tight labor market, CEOs seem confident in their ability to navigate these issues. Additionally, 72% of CEOs indicated that they plan to increase hiring in the next 12 months, while only 4% mentioned possible reductions.
Knopp also discussed other survey findings related to corporations’ geopolitical concerns, outlook on business operations, and adoption of generative AI technologies. For more expert insights and the latest market updates, viewers can watch the full episode of Yahoo Finance featuring Paul Knopp.
