Although the equity markets remain strong, senior finance executives remain slightly cautious about the U.S. economy, according to their responses to Treasury & Risk's biannual economic confidence survey, with almost half describing it as growing but losing steam. Most believe the dollar will remain in the doldrums, and operating costs will continue to climb with pressure from rising oil prices. But the survey of 474 CFOs, treasurers and controllers was divided on the question f whither interest rates. The survey was taken between July 2 and July 19.

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