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Talk of recession is dying down in corporate America
  + stars: | 2024-03-17 | by ( Alex Harring | ) www.cnbc.com   time to read: +7 min
Ever since the Federal Rserve began raising interest rates in early 2022, corporations and investors have braced for how a recession might play out. The word recession came up on the fourth-quarter earnings calls of 47 companies in the S & P 500, according to market data platform FactSet. Almost half of the more than two dozen finance chiefs surveyed by CNBC said they expect the Federal Reserve to control inflation without a recession, a scenario known as a soft landing. Looking ahead to 2024, CFO Emma Giamartino said the Dallas-based company's full-year guidance is "contingent" on the Fed cutting short-term interest rates and the economy skirting a recession. "All indications are now that we're going to have more of a soft landing than a recession."
Persons: John Wall, Emma Giamartino, Giamartino, Richard Galanti, Galanti, Joseph Margolis, it's, Margolis, J, Thomas Hill, Marvin Ellison, Ellison Organizations: Federal, U.S, Cadence Design Systems, CNBC, Federal Reserve, Costco, Kirkland Signature, Hotels, Vulcan Locations: Dallas, Salt Lake City, North Carolina
[1/2] The Tesla factory is seen in Fremont, California, U.S. June 22, 2018. California state judges typically issue tentative rulings ahead of hearings, but can make changes to those rulings when issuing final decisions. If the agency did not adequately probe certain claims against Tesla before suing, the electric carmaker could seek to have them removed from the case. The agency claims that Tesla's Fremont, California, plant is a racially segregated workplace where Black employees have been harassed and discriminated against in job assignments, discipline and pay. “You don’t get to inquire into the most minute details,” Grillo said.
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