The CEOs of America’s biggest companies say they expect to hire fewer people and invest less in the next six months owing to lingering worries about the economy.
The Business Roundtable on Wednesday said an index that measures CEOs’ outlook for the economy fell for the seventh quarter in a row. The index slipped 2.5 points to 76.7, a bit below its historic average.
The index had hit an all-time high of 118.6 in the first quarter of 2018, shortly after the passage of President Trump’s tax cuts for individuals and businesses.
