US CFOs Saw Strong Outlook Before War

A Federal Reserve survey indicates that U.S. corporate finance chiefs initially reported an improving economic outlook during the first months of the year. Executives anticipated growth in employment and solid revenue streams, while also expecting continued pressure to raise prices. This positive sentiment was reportedly tempered by the outbreak of the U.S.-Israeli war on Iran. The survey suggests that geopolitical events can significantly influence business confidence and economic projections, even amidst underlying growth indicators.