Big Companies and Markets Anticipate Fed Rate Pause Amid Economic Woes

CFOs at major corporations are increasingly concerned about the health of the consumer and the Fed's narrow-focus on fighting inflation as conditions deteriorate. Executives say they see signs of mounting trouble for the economy and as another interest rate hike looms, it may be time for the Fed to stop. One concern voiced by CFOs is that the top end of the consumer market has been masking deeper problems in the economy, with companies tracking a rise in credit delinquencies, and that is now starting to spread.