Economics
U.S. CEO Optimism Strongest Since 2012 on Sales, Investment
Greene, McKee on U.S. Tax Reform and Economic Growth
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Optimism among chief executive officers of large U.S. companies rose to the highest in almost six years, as the outlook for capital spending improved, a Business Roundtable survey showed Tuesday. Hiring plans eased as wages became the top cost pressure.
The latest quarterly report on the Washington-based group’s index extends a run of strong readings since Donald Trump was elected president last year, with his administration and congressional Republicans supporting an agenda of deregulation. Trump and GOP lawmakers are moving to enact a tax-cut plan that aims to spur growth to 3 percent annually, though many analysts expect any economic boost to be modest.