Fedex CFO with unique insight gives ominous warning about US economy
A high-powered executive is warning that his business is about to slow down — all because he sees turbulence ahead for the U.S. economy. John Dietrich, CFO of FedEx, just slashed the company's earnings expectations for the rest of the year. FedEx has a unique vantage point. With shipping data that acts as a real-time pulse check on consumer demand and domestic trade, the company feels the impact of supply chain disruptions, retail slowdowns, and manufacturing shifts before most analysts can even crunch the numbers.
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