The nation’s chief financial officers are expecting technology spending and hiring to each increase 7 percent over the next 12 months, according to a quarterly survey of sentiment by Baruch College in New York.

"The quarter was characterized by a moderating of hopes and expectations," said John Elliott, Dean of the Zicklin School of Business at Baruch College. "With the exception of technology spending, almost all of the expected increases for the next 12 months are smaller than they were last quarter.’’

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