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Fed survey: More and more companies are delaying investment plans before the dust settles on the US election.
Golden Finance reported that as the dust settles on the upcoming US presidential election, an increasing number of companies in the country are delaying major investments. The latest survey of chief financial officers (CFOs) released on Wednesday by the Atlanta Fed, Richmond Fed, and Duke University’s Fuqua School of Business shows that about 30% of companies have delayed, reduced, or canceled investment plans due to the uncertainty of the election results, which is higher than the previous quarter’s 28%.