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

Inflation slows but probably not enough to deter Fed tightening

Central bank officials say they need to see consistent signs that price pressures are falling toward their 2% target before they declare victory against inflation.

By Jim Tyson • Aug. 10, 2022

Inflation anxiety hits highest level since 1979: NFIB

Small businesses flagged several reasons for pessimism beyond price pressures, including a tight labor market and crimped supply chains, NFIB found in a survey.

By Jim Tyson • Aug. 9, 2022

Companies reporting weak earnings go unpunished

Several CFOs have announced disappointing second-quarter earnings while not triggering a decline in their company’s share price, FactSet said.

By Jim Tyson • Aug. 8, 2022

Business taxes in Manchin deal draw fire from Chamber of Commerce

Tax experts have warned CFOs to be on the lookout for a renewed push from President Biden’s administration for new or higher corporate taxes. 

By Maura Webber Sadovi • July 29, 2022

Fed makes second .75 rate hike in bid to tamp down runaway inflation

The second consecutive 75 point hike follows “worse than expected” June results, with Chairman Jerome Powell stating a strong labor market still belies a current recession.

By Grace Noto • July 27, 2022

Recession likely to begin in first quarter 2023: Fannie Mae

The Fed will probably succeed in slowing inflation but its withdrawal of stimulus may trigger a recession early next year, economists said.

By Jim Tyson • July 22, 2022

Coca-Cola CFO to take on additional role as president

Coca-Cola CFO John Murphy will also serve as company president following retirement of current president Brian Smith.

By Grace Noto • July 22, 2022

Six U.S. states cut corporate tax rates

Although only four states forgo a corporate income tax, six states this year have eased the tax burden on companies.

By Jim Tyson • July 15, 2022

Companies next year plan biggest average pay raise since 2008

In order to succeed in a highly competitive labor market, companies need to consider providing non-monetary benefits such as workplace flexibility in addition to pay raises, Willis Towers Watson said.

By Jim Tyson • July 14, 2022

Prices surge 9.1% as Fed girds for tougher inflation fight

The jump last month in “core prices” — excluding volatile food and energy — signals that inflation was widespread. 

By Jim Tyson • July 13, 2022

Inflation knocks small business expectations to record low: NFIB

Small businesses — a bellwether for U.S. economic trends — face persistent hiring challenges in a tight labor market.

By Jim Tyson • July 12, 2022

Auditors see inflation plaguing economy for at least 12 months: CAQ

High inflation and tight labor markets have compelled many CFOs to revise business plans during the past several months. Most audit partners see the two challenges persisting.

By Jim Tyson • July 8, 2022

Fed anticipated a big rate increase later this month, minutes show

Policymakers alarmed at their June meeting by mounting price pressures supported an aggressive pullback in stimulus to curb economic growth.

By Jim Tyson • July 6, 2022

How CFOs can free liquidity from insurance 'collateral jail'

Insurance collateral financing now offered by the 1970 Group is designed to solve a pain point that has long vexed treasurers and finance executives who opt for loss-sensitive policies to lower premiums.

By Maura Webber Sadovi • July 5, 2022

IPOs worldwide plunged 46% during first half 2022: EY

Many CFOs have held off on IPOs this year as high inflation, a pullback in monetary stimulus and sanctions following Russia’s invasion of Ukraine roiled equity markets.

By Jim Tyson • June 30, 2022

Cutting commodities as inflation hedge now 'team sport': Chatham

Companies are moving to reduce their commodities exposure to hedge against spiking inflation and recession fears, but doing so successfully means thinking about this as a “team sport,” Amol Dhargalkar, chairman of the board for Chatham Financial, said.

By Grace Noto • June 30, 2022

Fed inflation fight 'highly likely to involve some pain': Powell

Powell committed the Fed to hitting its 2% inflation target as rising prices undermined consumer expectations and increased the odds of a recession.

By Jim Tyson • June 29, 2022

Dobbs decision will cause worker retention challenges for CFOs

The overturning of Roe v. Wade will likely lead to sweeping logistical and worker retention challenges for CFOs and employers operating across state lines, experts say. 

By Grace Noto • June 29, 2022