Treasury: Page 2
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Companies plan 4.5% pay raises this year, outpacing inflation: Payscale
As price pressures fall, pay increases will help employees recover from the highest inflation in four decades, Payscale said.
By Jim Tyson • March 21, 2024 -
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Fed forecasts three, quarter-point rate cuts in 2024, holds main rate steady
Central bank officials upgraded their projection for 2024 economic growth to 2.1% while predicting unemployment will end the year at 4%.
By Jim Tyson • March 20, 2024 -
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TrendlineWorkforce wages: solving the cost-talent puzzle
In today’s strong labor market, CFOs leery of raising wages find creative ways to find and retain key employees.
By CFO Dive staff -
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Inflation exceeds forecasts, affirming Fed’s caution on initial rate cut
Futures trading suggested that the odds that policymakers will cut the main interest rate by at least a quarter point on May 1 have plunged to 11% from 52% a month ago.
By Jim Tyson • March 12, 2024 -
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CEO confidence, capital spending plans rise: Business Roundtable
Like CEOs, economists at large companies have grown more optimistic and foresee stepped up spending on business fixed investment this year, Wolters Kluwer said.
By Jim Tyson • March 11, 2024 -
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Powell assailed by Democrats calling on Fed to cut rates from 23-year high
The Fed chair said that policymakers will likely begin trimming borrowing costs sometime this year if data show that inflation is steadily falling.
By Jim Tyson • March 7, 2024 -
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Powell predicts commercial real estate woes will most afflict smaller banks
The Fed, bankers and commercial real estate executives have warned of turbulence as property owners struggle to refinance debt at higher rates.
By Jim Tyson • March 6, 2024 -
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93% of firms use a mix of ESG standards, thwarting uniformity efforts: IFAC
The spotlight on confusion from a jumble of ESG frameworks comes just days before a vote on an SEC rule aimed at ensuring uniformity in climate disclosure.
By Jim Tyson • March 4, 2024 -
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SEC charges Lordstown Motors with misleading investors on sales outlook
Lordstown’s auditor and adviser also faces SEC sanctions for allegedly violating independence standards.
By Jim Tyson • March 1, 2024 -
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Fed’s key inflation measure rose in January, validating high-rate hold
Policymakers have refrained from declaring sufficient progress in their fight against inflation, pushing back by several months market expectations for a rate cut.
By Jim Tyson • Feb. 29, 2024 -
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ColumnFed official makes a case for the dollar’s hegemony
Can the dollar’s reign as the world’s reserve currency persist? This Fed official makes a strong case, but digital doubts may remain.
By Lynne Marek • Feb. 28, 2024 -
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Consumer confidence falls, breaking three-month rising streak
Spending by consumers is showing signs of sputtering after propelling better-than-expected economic growth last year.
By Jim Tyson • Feb. 27, 2024 -
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Economists predict 2.2% GDP growth, outstripping prior 2024 forecast: NABE
Data on the job market, and consumer and producer prices, suggest the Fed may need to keep the main interest rate at a 40-year high longer than markets anticipated.
By Jim Tyson • Feb. 26, 2024 -
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More than half of accountants make several errors each month: Gartner
Accountants with excessive workloads tend to err through manual mistakes, lax review of records or misinterpretation of data, Gartner said.
By Jim Tyson • Feb. 21, 2024 -
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M&A to rise, buoyed by ready cash, solid profits, stable economy: McKinsey
CFOs will sooner reach strategic goals through deal-making than through organic growth, McKinsey said.
By Jim Tyson • Feb. 20, 2024 -
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Investors rank securing talent as top corporate priority in 2024: EY
Corporate directors and investors differ when identifying the biggest issues this year, with directors focusing more on the economy and capital allocation, EY said.
By Jim Tyson • Feb. 16, 2024 -
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Werfel defends IRS against Republican efforts to slash funding
Before the approval of $80 billion in extra funding in 2022, the Internal Revenue Services fielded just one examiner for every 150 of the largest tax filers, IRS Commissioner Daniel Werfel said.
By Jim Tyson • Feb. 15, 2024 -
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IRS sues FDIC to get $1.45B in SVB back taxes
The amount covers corporate income and employment taxes due between 2020 and 2023, but is an estimate because a review of the tax returns is ongoing, the IRS said. The FDIC has denied SVB’s entire tax claim.
By Dan Ennis • Feb. 14, 2024 -
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Inflation edges up, pushing back forecast of first Fed rate cut
Futures traders now see a 52% probability that policymakers in June will cut the federal funds rate from its current peak level between 5.25% and 5.5%.
By Jim Tyson • Feb. 13, 2024 -
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Auditors should follow tougher standards for identifying fraud: IAASB
A proposal for stricter rules by the global standard setter for corporate audits follows what it says is a rash in fraud cases in recent years.
By Jim Tyson • Feb. 12, 2024 -
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CEO optimism hits two-year high as inflation cools: Conference Board
More than one out of three top executives believe the economic outlook will brighten during the next six months, according to a Conference Board and Business Council survey.
By Jim Tyson • Feb. 9, 2024 -
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Yellen backs legislation to avert AI threat to financial stability
Testimony by the Treasury Secretary follows a pledge by the Biden administration to seize on the benefits of artificial intelligence while containing its risks.
By Jim Tyson • Feb. 8, 2024 -
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IRS to collect $561B more in tax revenue with new enforcement funds
The Treasury highlighted the payoff from stepped up funding for IRS enforcement as Republicans seek to cut the agency budget.
By Jim Tyson • Feb. 7, 2024 -
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Yellen says commercial real estate losses may leave banks ‘quite stressed’
Bank regulators aim to avert turmoil caused by a slump in the value of commercial real estate, Treasury Secretary Janet Yellen said in testimony to a House committee.
By Jim Tyson • Feb. 6, 2024 -
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Fed pivots to considering when to cut main interest rate: Powell
Inflation will likely cool during the first six months of 2024, Federal Reserve Chair Jerome Powell said, adding that the central bank is unlikely to reduce borrowing costs in March.
By Jim Tyson • Feb. 5, 2024 -
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US economy will likely cool as ‘real’ interest rates rise: ACCA
As the economy avoided a downturn last year, confidence among CFOs rebounded close to the long-term average, the ACCA said.
By Jim Tyson • Feb. 2, 2024
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