CEB CEO: Corporate Spending Up, Input Inflation Creeping Higher

The largest American companies are projecting modest revenue growth, yet wage inflation worries are rising as well, said Tom Monahan, CEO of CEB. CEB combines its research and analytics with best practices from clients across 90% of the Fortune 500. Monahan said the majority of its members will be increasing their capital expenditures in conjunction with their bullish economic outlooks. However, he said there is less conviction about hiring and many executives are worried about deteriorating margins due to wage inflation pressure. Finally, Monahan said CEB's moderating Federal Government business is often overstated among Wall Street investors.