When it comes to rate hikes, CFOs aren't counting on a 'one-and-done'
The Fed updated projections, now seeing the federal funds rate at 4.1% by 2026, up from 3.8% in June, indicating another hike. CFOs face higher costs for floating-rate credit and new issuances. Yiming Ma, a finance professor, advises stress testing funding and production costs together. Markets reacted negatively, with Treasury yields rising. Vyome and Zelis appointed new CFOs. A report found 83% of executives made decisions based on outdated forecasts, with 40% facing significant consequences.
