More Firms Are Delaying Investment Plans Ahead of US Election
- Poll shows 30% of businesses impacted by election uncertainty
- Affected firms see lower 2024 revenue, job growth than peers
Donald Trump and Kamala Harris during a debate watch party in Fayetteville, North Carolina, on Sept. 10.
Photographer: Allison Joyce/BloombergThis article is for subscribers only.
A growing number of US businesses are holding off on major investments until they know the outcome of the upcoming presidential election.
Some 30% of firms have postponed, scaled down or canceled investment plans because of uncertainty around the election, up from 28% last quarter, according to the latest CFO Survey of financial professionals published Wednesday by the Federal Reserve Banks of Atlanta and Richmond and Duke University’s Fuqua School of Business.