Big business CEO expectations soar to record high

“Big business CEOs are now more optimistic about the economy than anytime in the past 15 years” writes Ap Photo Jacquelyn for Expectations for hiring, sales and investment for the next half-year, as measured by the Business Roundtable’s economic outlook index, rose to the highest level since the business group has been keeping track in 2002. “We must do everything possible to continue to build on this strong momentum,” said Jamie Dimon, the CEO of JPMorgan Chase and chairman of the group, which is made up of CEOs from the nation’s largest companies.CEO plans for hiring, sales, and capital expenditures rose in the first quarter, a development that Business Roundtable president Joshua Bolten attributed to the new tax law, signed by President Trump in December. The Trump agenda of cutting taxes and paring back regulations has met with enthusiasm from businesses, but Bolten warned against the president’s called-for tariffs on steel and aluminum. “Rather than undermining the benefits of tax reform and regulatory relief, the Administration should move forward with a positive trade agenda that expands opportunity for American businesses and workers,” he said.

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