Treasury: Page 8
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‘Worst’ yet to come for commercial real estate: Conference Board
Many banks have pursued a policy of “extend and pretend” to avoid writing off troubled commercial real estate loans, according to a Conference Board economist.
By Jim Tyson • May 29, 2024 -
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‘Higher-for-longer’ rates saddle companies with $381B in added costs
"The new higher-interest-rate environment might trigger a decaffeinated repeat of the 2008 financial crisis,” according to a partner at Baringa.
By Jim Tyson • May 28, 2024 -
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Gensler slams crypto after House passes bill opening ‘regulatory gaps’
A growing number of companies in the U.S. and elsewhere have turned to digital assets as an alternative to conventional currencies, according to Deloitte.
By Jim Tyson • May 24, 2024 -
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Economists bump up 2024 core PCE inflation forecast to 2.7%: NABE
Fed officials reiterated Monday that before trimming borrowing costs they need more confidence that price pressures will steadily decline.
By Jim Tyson • May 20, 2024 -
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GDP growth to sink below 1% amid ‘serious headwinds’: Conference Board
Several recent signals from the economy suggest that the expansion is slowing after defying recession predictions in 2023.
By Jim Tyson • May 17, 2024 -
Courtesy of Kyriba
First-time CFO looks to sharpen Kyriba’s FP&A approach
Adam Drew in March became the San Diego, California-based treasury and finance platform provider’s first permanent CFO in more than a year.
By Maura Webber Sadovi • May 16, 2024 -
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Inflation cools, reassuring Fed after unexpectedly hot gains in Q1
The yield on the benchmark 10-year Treasury note fell on investor speculation that slower inflation will prompt the Fed to sooner cut borrowing costs.
By Jim Tyson • May 15, 2024 -
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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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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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