The majority of top job creators warn inflation has yet to reach its peak, with prices up more than six percent and crushing working families, according to a CNBC survey.
The cruelty of President Biden’s economy has no end in sight, with one expert warning, “this inflation is here to stay.”
The survey also found more chief financial officers (CFO) believe the U.S. will enter a recession sooner. In fact, more than a third of CFOs surveyed believe the U.S. is either already in a recession, or will be in one before the end of the year.
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KEY TAKEAWAYS:
- No light at the end of the tunnel for working families. Nearly a year after President Biden claimed inflation peaked (November 2021’s CPI Report), 57 percent of CFOs believe the end of rising prices is still not in sight.
- Inflation continues to threaten job creators. Rising prices is the “biggest external risk factor” facing more than a quarter of job creators.
- Recession fears loom. At least 19 percent of CFOs expect a recession before the end of the year, up from 13 percent in June 2022. Nearly 20 percent believe the U.S. is already in a recession.
Original source can be found here.
