Fed redoubles inflation fight, raising main rate 75 basis points

Fed officials raised their projections for inflation and unemployment while marking down their forecasts for economic growth.

By Jim Tyson • Sept. 21, 2022

Fed tightening deepens housing recession

Record home prices, mounting construction costs and a Fed-spurred rise in mortgage rates have worsened a downturn in housing, homebuilders said.

By Jim Tyson • Sept. 20, 2022

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Compensation: 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

Recession likely from Q4 through Q1 2023, Conference Board says

Fed tightening, stubbornly high inflation and a slump in consumer spending will probably trigger a downturn during the fourth quarter, the Conference Board said.

By Jim Tyson • Sept. 16, 2022

Slowing economy could mean boost for budget-friendly litigation finance

The appeal of litigation finance — which has evolved into a $17 billion business — could rise in a slowing economy as investors warm to non-correlated assets.

By Maura Webber Sadovi • Sept. 15, 2022

Producer prices show inflation spreading

Rising costs for transportation and other services suggest that inflation is gaining strength across the economy.

By Jim Tyson • Sept. 14, 2022

High inflation persists, bolstering case for forceful Fed tightening

Price gains during August for rent and other services exceeded forecasts, eroding hopes that the Federal Reserve will slow its campaign to curb demand.

By Jim Tyson • Sept. 13, 2022

Recession likely in 2023, Fitch says

Cuts to estimates for earnings growth underscore the growing risk of a U.S. downturn next year, Fitch Ratings said.

By Jim Tyson • Sept. 12, 2022

Gensler: securities laws cover ‘vast majority’ of crypto tokens

The SEC’s Gary Gensler signaled he would cooperate with the Commodity Futures Trading Commission to the extent that “it needs greater authorities with which to oversee and regulate crypto non-security tokens.”

By Maura Webber Sadovi • Sept. 8, 2022

Bankruptcies fall during first half of 2022 yet risks loom

Factors such as rising borrowing costs may fuel a rise in bankruptcy filings after a decline during the first half of 2022, Cornerstone Research said.

By Jim Tyson • Sept. 7, 2022

Q3 earnings estimates cut ‘more than average’: FactSet

S&P 500 companies for the second quarter reported their lowest growth in earnings on an annual basis since the fourth quarter of 2020, FactSet said. 

By Jim Tyson • Sept. 6, 2022

Cybersecurity firm ExtraHop names new CFO

ExtraHop appointed Mike Parson as its new CFO, one of a series of new C-suite leaders named as the company seeks to scale up.

By Elizabeth Flood • Sept. 2, 2022

Fed’s Williams sees inflation falling to 2.5% to 3% next year

The Federal Reserve must interpret several “crosscurrents” in the economy as it fulfills its pledge to curb inflation to 2%, according to the president of the New York Fed.

By Jim Tyson • Aug. 30, 2022

Six CFO tips for defanging inflation: Deloitte

While most CFOs have never faced the high price pressures of today, they can take steps to blunt the harm to their companies from inflation, Deloitte said.

By Jim Tyson • Aug. 26, 2022

U.S. companies face ‘growing risk’ to profit margins: Fitch

Many CFOs during the second quarter were apparently able to pass on to consumers the rising cost of labor and materials. That may not last, Fitch Ratings said.

By Jim Tyson • Aug. 25, 2022

Fitch sees ‘modest’ tax headwind from Inflation Reduction Act

Fitch’s assessment comes as CFOs, accountants and tax-preparers are just beginning to grapple with the Inflation Reduction Act’s tax implications.  

By Maura Webber Sadovi • Aug. 24, 2022

Fed unlikely to avoid recession: economists

Almost 50% of economists believe a downturn will begin by the first quarter of 2023, the National Association for Business Economics found in a survey.

By Jim Tyson • Aug. 22, 2022

EY requests ‘immediate’ Treasury tax guidance on split-offs

Accountants and tax-preparers are just beginning to grapple with the ramifications of the new 15% Corporate Alternative Minimum Tax.

By Maura Webber Sadovi • Aug. 19, 2022

U.S. may fall into recession by early 2023: Conference Board

Factors including stock market volatility and a slump in both housing construction and manufacturing orders could cause a downturn by early next year.

By Jim Tyson • Aug. 18, 2022

Fed planned more tightening while noting risk of going too far

Central bank officials last month gave no indication of plans to slow their fight against inflation while noting an imperative to alter policy based on fresh economic data.

By Jim Tyson • Aug. 17, 2022

AICPA warning on 15% tax timeline goes unheeded

CFOs at companies on the threshold of being subject to the new tax will also need to familiarize themselves with the complex rules. 

By Maura Webber Sadovi • Aug. 15, 2022

Consumer sentiment rises on improved inflation expectations

The falling price of energy and other essential goods buoyed consumer sentiments, the University of Michigan found in a survey this month.

By Jim Tyson • Aug. 15, 2022

‘Inflation persistence has jumped’: Richmond Fed

Price pressures, pumped up by the pandemic and other shocks, have proven more durable in the past several quarters compared with a period beginning in 2008.

By Jim Tyson • Aug. 12, 2022

Average US CFO pay jumps 16%, outpacing inflation

The gap between U.S. and European CFO pay persists with U.S. executives making more than double their French counterparts, a Spendesk survey found.  

By Maura Webber Sadovi • Aug. 11, 2022

Inflation Reduction Act may backfire: Tax Foundation

Republicans and Democrats clash over the impact on inflation from a health care, climate and tax bill scheduled for a vote by the House.

By Jim Tyson • Aug. 11, 2022

Venture lenders offer CFOs a pricey lifeline

Venture debt remains an option for companies that have seen a number of financing paths narrow amid global economic turmoil.

By Maura Webber Sadovi • Aug. 10, 2022