Facing pressure from economists to restrain government spending, Canada’s Finance Minister promised to hold the FY2023-24 deficit below C$40.1 billion, but the country’s parliamentary budget officer now expects to run a C$46.8 billion deficit this fiscal year.
Chinese investors’ enthusiasm is helping China’s dollar bonds trade at lower yields than U.S. Treasuries—a historical anomaly because the U.S. securities have historically been considered the safest of investments.
Chicago Federal Reserve President Austan Goolsbee says that although the Fed will take its time reducing interest rates, the end result will be much lower rates if inflation stays near the Fed’s target.
The leveraged loan market is seeing Trump’s election as a “tailwind” for after-tax corporate profits, “through lower expected corporate tax rates, less regulation, and higher inflation.”
“I would expect there’ll be less aggressiveness. This administration has been hyper-aggressive. Even if you dial it back to a normal level, that’ll be a change.”
By being prepared and implementing strategic solutions, employers can mitigate some of the financial pressures that may arise from the IRA, ensuring that their employees and retirees are better protected from the ripple effects of this landmark legislation.
With FedNow, Real-Time Payments, Same-Day ACH, and other emerging products and services, treasurers should be evaluating a range of options for speeding up—and streamlining—payments.