Economics
Corporate America Turns Up Volume on Warnings About Economy
- ‘Long ways to go’ to fight inflation, RH CEO tells investors
- Retailer’s caution piles on warnings from bank CEOs this week
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Corporate America is ratcheting up its warnings about the US economy.
Executives from Jamie Dimon and Elon Musk to Gary Friedman, the head of furniture retailer RH, all cautioned investors this week to be wary of an economic downturn. After months of strong consumer spending and supply-chain improvements, some of the country’s most outspoken corporate leaders have started intensifying alarms about decades-high inflation and impending interest rate hikes.