According to a survey by the National Association for Business Economics, businesses have raised prices, become more efficient, and are no longer worried about an impending recession.
Companies don’t have the pricing power they had in the pandemic recovery. Now it’s more like the before times.
Some economists in the survey don’t expect their firms to pay workers more in the future.
The increase in capital expenditures is one of several signs that businesses anticipate strong growth in the near future.
Economists expect moderate GDP growth in the fourth quarter, after a fall where consumer spending gave some businesses a boost.
But economists say more hiring and bigger profits ahead have little to do with tax cuts.
