Treasury: Page 2
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Lynne Marek/CFO Dive
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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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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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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Productivity rebound buoys profits, blunts inflation, validates streamlining
A leap in productivity may reflect a post-pandemic readjustment rather than a lasting trend in higher efficiency, Federal Reserve Chair Jerome Powell said.
By Jim Tyson • Feb. 1, 2024 -
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Fed holds main rate steady, wants ‘greater confidence’ inflation falling
The central bank dropped a prior reference to “additional policy firming” but gave no support to market expectations that it will soon reduce interest rates.
By Jim Tyson • Jan. 31, 2024 -
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Consumer confidence, job openings rise as Fed favors holding rates high
The Federal Reserve on Wednesday will probably keep the main interest rate as the highest level since early 2001 as the economy shows signs of unexpected strength.
By Jim Tyson • Jan. 30, 2024 -
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76% of companies link pay to ESG performance in rising trend: WTW
The biggest companies are weaving ESG into pay incentives despite a backlash against the use of sustainability as a metric for corporate performance.
By Jim Tyson • Jan. 24, 2024 -
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Future of labor’s ‘Great Reset’ is murky
While 2023 saw SAG-AFTRA and other big labor actions, CFOs still hold some strong cards as inflation and automation raise workers’ job security concerns.
By Chris Gaetano • Jan. 23, 2024 -
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Recession odds fall below 50% amid rising sales, profits: NABE survey
The mix of slowing inflation and cooling demand has prompted many economists to abandon forecasts for a decline in gross domestic product in 2024.
By Jim Tyson • Jan. 22, 2024 -
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Audit committees in 2024 face rising tax, AI, regulatory challenges: EY
A barrage of business risks may intensify this year, and audit committees need to help C-suite executives limit potential losses and seize opportunities, EY said.
By Jim Tyson • Jan. 18, 2024 -
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Retail sales exceed forecasts, highlighting steady consumer-fueled growth
Robust retail sales defy predictions that trends such as declining savings and a cooling labor market will inhibit consumer spending.
By Jim Tyson • Jan. 17, 2024 -
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CEOs see ballooning federal debt as biggest business threat: Conference Board
Congressional leaders wrangle over federal spending and struggle to avert a government shutdown as business leaders fret over the worsening fiscal outlook.
By Jim Tyson • Jan. 16, 2024
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