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CFOs name tariffs and inflation as top concerns as Trump's 'Liberation Day' looms


Published on 2025-04-05 07:20:42 - Fortune
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  • Despite Powell's perspective on tariffs and temporary inflation, data shows that many CFOs are concerned. A recent CNBC survey finds 90% of CFOs said tariffs will cause "resurgent inflation." Half of CFOs said that the 2% target inflation rate will not be achieved until either the second half of 2026 or 2027.

CFOs are increasingly worried about the potential impacts of tariffs and inflation as the U.S. approaches what has been termed "Trump's Liberation Day" on January 20, 2025, when former President Donald Trump could potentially return to office. A survey by Duke University and the Federal Reserve Banks of Atlanta and Richmond revealed that 47% of CFOs consider tariffs a significant risk to their business, up from 37% in the previous quarter. Inflation remains a top concern, with 75% of CFOs citing it as a major issue, though slightly down from 82% in the prior quarter. The survey also highlighted a cautious optimism about the U.S. economy, with CFOs expecting a slight increase in economic growth and a decrease in unemployment rates over the next year. However, the looming possibility of new tariffs and ongoing inflationary pressures are causing CFOs to remain vigilant and adjust their business strategies accordingly.

Read the Full Fortune Article at:
[ https://www.msn.com/en-us/money/markets/cfos-name-tariffs-and-inflation-as-top-concerns-as-trump-s-liberation-day-looms/ar-AA1C4rq5 ]