A quarter of CFOs say they’re decreasing hiring and cutting capital spending in response to tariffs, survey shows

Variation made by a quarter.

Last quarter, the greatest concern of CFOS is talent, financial policy, and inflation, according to a survey of the Federal Reserve Bank of Richmond. This quarter,tariffs and trade policieswhat keeps them at night.

Tariffs emerged that the principal concern of CFOs from 400 companies taking the survey, followed by inflation and cash policy. About 25% of CFOS said they plan to minimize the hire of the response to tariffs, and 25% said they cut the capital expenditure. Although half said they did not change suppliers due to tariffs, 27% planned to different suppliers and 20% acceleration of purchases.

The respondents concerned about tariffs are “lower hope, lower expectations for GDP growth,” Sonya Ravindrantigath in 2025, “Sonya Ravindribranath in 2025,” Sonya Ravindribranath at 2025, “Sonya Ravindribranath at 2025,” Sonya Ravindribranath in 2025, “Sonya Ravindribranath in 2025,” Sonya Ravindrantigath at 2025, “Sonya Ravindrantigath at 2025,” Sonya Ravindribranath Waddell, VP and Economist in Richmond Fed, said to a richmond release.

CFOS optimism about the economy rises in the quarter, part of election, but this quarter is lost, falls from 66.1 to 62.1 of Richmond Fed’s index. CFOSs are more optimistic than June 2022, if the index reaches 50.5, the lowest point from 2011.

The CFOs also reported to feel the most louder of the prospects of their companies in the coming year. And the buzzword at the moment- “uncertainty“-Free one-five concern for CFOSs for the first time in the survey history.

This report was written by Courtney Vien and Originally published by CFO BREW.

This story originally shown Fortune.com

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