CEOs are bracing for slowdown while the Fed insists growth is coming, and the disconnect is getting dangerous

Hard to trust spreadsheets when the bosses are slamming the brakes.

CEO HIRING FEARS VS FED OPTIMISM

Brennan: “A survey of CEOs shows employment could decrease next year. Concerned?”

Hassett: “The Fed is more bullish on growth.”

Brennan: “But the CEOs are the ones hiring and they’re saying no.”

Hassett: “They don’t have the full picture. Big data coming next week will show the real story.”

Takeaway:
• CEOs see caution
• Fed sees growth
• Markets react to both perception and data

Short term: uncertainty.
Medium term: policy and liquidity will lead.

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