Treasury: Page 5
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Powell sees longer inflation fight, ‘very small’ odds of Fed rate hike
“We have the highest interest rates in some time,” Powell said Tuesday. “The question is, ‘is it sufficiently restrictive?’”
By Jim Tyson • May 14, 2024 -
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Cybersecurity ops budgets expected to climb: KPMG
The average annual budget for SOCs — a one-stop shop for managing cyber threats — is $14.6 million, according to a KPMG survey of large firms.
By Maura Webber Sadovi • May 14, 2024 -
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TrendlineCompensation: 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 to slow, settling close to Fed target in 2025: Wolters Kluwer
The forecast that price pressures will fall aligns with a 13% decline this month in sentiment among consumers, who fuel roughly 70% of economic growth.
By Jim Tyson • May 10, 2024 -
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Fed likely to hold rates high before cutting twice in Q4: Conference Board
Central bank officials this week have signaled that strength in hiring and economic growth may prompt the Fed to keep interest rates high longer than previously expected.
By Jim Tyson • May 8, 2024 -
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AI-driven cash flow management startup gets $15M boost
Panax is among companies that say they’re seeing high demand for finance automation tools as businesses try to navigate an uncertain economic environment.
By Alexei Alexis • May 8, 2024 -
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OpinionWhy collections need more CFO love in today’s cash-hungry market
With higher rates and an uncertain economy, many companies are paying invoices late because they don’t know when capital will be available next, Capchase’s Przemek Gotfryd writes.
By Przemek Gotfryd • May 3, 2024 -
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Auditoria.AI’s ‘human-in-the-loop’ option targets automation-wary finance teams
When it comes to new technologies, CEO Rohit Gupta sees CFOs and their finance teams as “fast followers” rather than early adopters.
By Maura Webber Sadovi • May 1, 2024 -
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Fed holds main rate steady, citing lack of progress against inflation
Fed Chair Jerome Powell said that the central bank will likely need to sustain current borrowing costs longer than it had expected early this year.
By Jim Tyson • May 1, 2024 -
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Wage gains, inflation undercut Fed forecast for three rate cuts this year
A report of rising wages prompted traders in interest rate futures to dial down bets on reductions in the Federal Reserve’s main interest rate.
By Jim Tyson • April 30, 2024 -
CFO Editorial Staff
FedNow pricing aimed at avoiding market disruption
The Federal Reserve aimed to “not upset the marketplace as a second mover” when it set fees for the new instant payments system last year, a Fed official said Wednesday.
By James Pothen , Lynne Marek • April 29, 2024 -
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Companies cut salary budget increases to 3.6%, trim promotions: Mercer
Plans for slower gains to salaries align with Thursday data showing that economic growth slowed to just 1.6% last quarter, far less than expected.
By Jim Tyson • April 25, 2024 -
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Stubborn inflation to keep rates ‘higher for longer’: Fannie Mae
Economists have marked down their estimates for the number of quarter-point cuts to the federal funds rate from as many as six to one or two.
By Jim Tyson • April 23, 2024 -
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Controllers hunt for workarounds to ‘continuous’ reporting, accountant shortage
As leaders of their firms’ accounting operations, many controllers are outsourcing work and using AI to speed accounts payable and receivable tasks.
By Chris Gaetano • April 19, 2024 -
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CFOs forecast stronger economy amid stubborn inflation: ACCA, IMA survey
Top financial executives across North America ranked inflation as their top “risk priority,” ACCA and IMA found in a survey.
By Jim Tyson • April 19, 2024 -
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Werfel sees IRS budget request yielding $341B in extra revenue
The IRS chief testified to a Senate committee after Republican lawmakers secured a $20-billion cut to the agency’s budget.
By Jim Tyson • April 17, 2024 -
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Powell: Inflation data deny Fed ‘greater confidence’ needed to cut rates
The Fed chair is just one of many policymakers who, in the face of persistent price pressures, has voiced no urgency in reducing borrowing costs.
By Jim Tyson • April 16, 2024 -
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Biden tax negotiator rejoins KPMG as election weighs on Pillar 2 prospects
Although the U.S. has yet to sign on, the OECD’s new Pillar Two tax rules already apply in more than 30 countries, Michael Plowgian said.
By Maura Webber Sadovi • April 16, 2024 -
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How AI speeds ‘hugely time-consuming’ pricing, quote tasks
Artificial intelligence could cut anywhere from 30% to 70% of the time businesses spend on the quote process, according to Lydia DiLiello, CEO of Capital Pricing Consultants.
By Maura Webber Sadovi • April 15, 2024 -
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Inflation outruns forecasts, prompting market bets on fewer Fed rate cuts
Futures traders cut from 56% to 17% the odds that the Fed will conclude 2024 having trimmed the main rate by more than a half percentage point.
By Jim Tyson • April 10, 2024 -
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Hiring will likely grow even as economy slows in Q2, Q3: Conference Board
Employment will likely remain strong as the supply and demand for labor gradually come into better balance, economists said.
By Jim Tyson • April 9, 2024 -
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6 tips to tackle unpaid invoices as average DSO rises to 59 days
Monitoring and keeping DSO in check is key to preventing cash flow difficulties, Allianz Trade’s Ano Kuhanathan says.
By Maura Webber Sadovi • April 8, 2024 -
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Powell calls recent inflation, job data high but not game changers for Fed
The central bank must balance the risks of easing monetary policy too early or too late, Powell said.
By Jim Tyson • April 3, 2024 -
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5 tips from CFOs on how to win the CFO seat: McKinsey
Executives aiming to rise to the CFO seat have faced a bright landscape in recent years, with turnover unusually high.
By Jim Tyson • April 2, 2024 -
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IPO market strengthens as economy defies recession forecasts: EY
Investor enthusiasm for artificial intelligence may spur companies to go public in coming months, EY said.
By Jim Tyson • April 1, 2024 -
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Inflation ‘bursts’ may exceed Fed’s 2% target due to public debt: Brookings
Policymakers face several inflationary forces, including rising spending on defense and aging populations, economists said in a Brookings paper.
By Jim Tyson • March 29, 2024
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