Fortune 500 CEOs are surprisingly optimistic about the economy in the face of public pessimism. Only 28% believe the US will fall into recession in the next year, with nearly 70% expecting the Federal Reserve to cut interest rates by 2024 to combat inflation. Fewer than 20% anticipate reducing their workforce this year. Despite concerns about AI, only 22% see technological transformation as a major issue. They admire Microsoft CEO Satya Nadella, particularly for his work in generative AI. The CEOs also favor stocks from Microsoft and AI chip leader NVIDIA. The survey, conducted from April 18 to 28, 2024, highlights their positive outlook and confidence in the future. Subscribe to Fortune Archives newsletter for more impactful business and culture stories.
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https://fortune.com/2024/06/06/fortune-500-ceo-survey-2024-ai-economy-microsoft-nvidia/
