SA: US CFOs’ top priority is cost-cutting amid economic uncertainty, survey finds

SEEKING ALPHA reports:

With economic and geopolitical uncertainty lingering, finance chiefs in the U.S. have directed their energies toward bolstering cost-cutting efforts, so much so that it has become their No.1 priority, according to a recent U.S. Bank (USB) survey.

It’s a tough environment for chief financial officers. “They face higher inflation and interest rates, political uncertainty in the U.S. and abroad, a difficult-to-forecast short-term economy and incredible pressure to make the right technology investments their firms will need to compete,” said Stephen ...