Treasury

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    FASB tax rule draws fresh heat in first annual reporting cycle

    Under Accounting Standards Update 2023-09, companies must detail much more information on the income taxes they pay than was previously required by GAAP.

    By • Dec. 19, 2025
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    Consumer sentiment inches up despite anxiety over jobs, inflation

    Recent data have likely done little to ease consumer worries, with the unemployment rate rising last month to 4.6%, the highest level in four years.

    By • Dec. 19, 2025
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    Inflation unexpectedly falls to 2.7% after shutdown crimped measurement

    Given concerns about potentially distorted inflation data, futures traders only increased by 2 percentage points the probability of a monetary policy easing next month.

    By • Dec. 18, 2025
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    Treasury projects 3.2% rise in business tax preparation costs

    U.S. businesses will likely face $131.8 billion in monetized time and compliance costs completing their taxes in fiscal 2026, according to the Treasury Department.

    By Stephen Joyce • Dec. 17, 2025
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    Unemployment rises to 4.6%, highest level in more than four years

    The rising jobless rate bolsters the Dec. 10 Federal Reserve decision to firm up the labor market by trimming the main interest rate by a quarter point.

    By • Dec. 16, 2025
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    CEO confidence rises amid planning to reduce employment

    Among surveyed CEOs, 31% identified labor costs as the biggest force behind inflation, the Business Roundtable said.

    By • Dec. 12, 2025
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    Costco suit sparks tariff refund FOMO, but it’s not the only relief route

    Firms mulling similar litigation should “do their homework” and check deadlines for alternative and potentially less costly actions, trade attorney Doreen M. Edelman said.

    By • Dec. 10, 2025
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    Fed trims main rate by quarter-point, forecasts one cut in 2026

    Policymakers reduced borrowing costs for the third time in 2025 amid persistent signs of cooling in the labor market.

    By • Updated Dec. 10, 2025
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    Job openings rise to five-month high as hiring slows: BLS

    Futures traders expect that a divided Federal Reserve will trim the main interest rate by a quarter point on Wednesday, giving way to officials concerned about shoring up the labor market.

    By • Dec. 9, 2025
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    Inflation holds steady, bolstering case for Fed benchmark rate cut

    Most Fed watchers and futures traders expect the Federal Reserve will trim the federal funds rate by a quarter point to a range of 3.5% to 3.75% on Dec. 10.

    By • Dec. 5, 2025
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    Treasury, OECD race clock to ink global minimum tax deal by year-end

    Without an agreement, the Trump administration’s opposition to the global tax deal favored by Biden leaves multinational companies’ 2026 tax strategies in limbo.

    By Stephen Joyce • Dec. 5, 2025
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    Companies cut 32,000 from payrolls as Fed debates trimming main rate: ADP

    Futures traders have increased the odds that the Federal Reserve on Dec. 10 will cut borrowing costs to 89% from 83.4.% last week.

    By • Dec. 3, 2025
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    U.S. manufacturing shrinks for ninth month as new orders fall: ISM

    “The health of the U.S. manufacturing sector gets more worrying the more you scratch under the surface,” an S&P Global Market Intelligence economist said.

    By • Dec. 2, 2025
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    IRS’s temporary relief grants more workers eligibility under Trump’s ‘no tax on tips’ law

    The new guidance grants employees and employers “transition relief” until Jan. 1 of the first calendar year after final rules are issued to determine if they fall under a category for exemptions.

    By Ginger Christ • Nov. 26, 2025
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    Consumer confidence slumps across all major metrics: Conference Board

    The report of sagging household confidence aligns with a University of Michigan survey that found inflation and pressure on personal incomes pushed down consumer sentiment this month.

    By • Nov. 25, 2025
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    Courtesy of GE Appliances
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    Job gains slowing, unemployment likely to rise to 4.5% next year: NABE

    While forecasting a mix of rising unemployment with above-target but steady inflation, most NABE forecasters predicted that the Federal Reserve will trim borrowing costs next month.

    By • Nov. 24, 2025
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    Consumer sentiment slumps near record low: University of Michigan

    Measures of the consumer outlook for both personal finances and buying conditions for durable goods plunged more than 10%, the University of Michigan found in a survey.

    By • Nov. 21, 2025
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    CFOs see steady comp improvement, but outsize packages level off

    Employers are being more cautious when it comes to paying up for new finance chief hires, according to executive search firm experts.

    By Deborah L. Cohen • Nov. 21, 2025
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    Hiring in September exceeds forecasts, while jobless rate rises to 4.4%

    A fresh jobs report will likely do nothing to narrow a debate among Federal Reserve officials about the best path for monetary policy.

    By • Nov. 20, 2025
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    Inflation ranks as No. 1 worry among small businesses: Bank of America

    Most small business owners said their costs have increased 18% on average during the past year, Bank of America said.

    By • Nov. 19, 2025
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    FASB takes up new crypto transfers project

    The accounting standards setter voted to tackle transfers of crypto assets including wrapped tokens, marking the third digital assets project to hit its technical agenda.

    By • Nov. 19, 2025
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    CFOs are reaching for downside budget protections, McKinsey exec says

    A conservative sentiment is shaping this year’s budget season, with many companies taking extra care setting spending priorities and realistic goals, McKinsey’s Kevin Carmody says.

    By • Nov. 18, 2025
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    Factory activity speeds up to fastest pace in a year: NY Fed

    The manufacturing survey by the Federal Reserve Bank of New York, although volatile month-to-month, is widely viewed as a bellwether for U.S. manufacturing.

    By • Nov. 17, 2025
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    Most prices in CPI inflation data rising faster than 3%: Apollo’s Sløk

    Several Federal Reserve district bank presidents have voiced concern this month about persistent inflation and cautioned against more reductions in borrowing costs.

    By • Nov. 14, 2025
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    Consumer sentiment slumps to 3-year low on shutdown, economy fears

    The decline in consumer sentiment this month spanned all population categories, including age, income and political affiliation, the University of Michigan found in a survey.

    By • Nov. 7, 2025