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Stock impact report

CEOs are embracing ‘real world' interest rates [Fortune]

PJT Partners Inc. Class A (PJT) 
Last pjt partners inc. class a earnings: 4/28 06:50 am Check Earnings Report
Company Research Source: Fortune
Statistics for different reasons; someone released Consumer Price Index and real earnings data half an hour early yesterday . Oops! Now, the gaze has shifted to the Fed for some signal on whether April's 3.4% inflation growth is modest enough to cut the 5.3% key interest rate that's been in place since July 2022 after inflation peaked at 9.1%. While more than 75% of CEOs expect interest rates to ease by the end of September, according to Fortune 's latest CEO poll in collaboration with Deloitte (which sponsors this newsletter), expectations are modest. “The environment in 2020 and 2021 was irrational with zero interest rates,” Chen Amit, CEO of Tipalti, a finance automation company, told me yesterday. “Now, we're back in the real world … We're seeing interest rates that we can earn money on, but also growth as our customers grow.” Interest rates matter, of course, which is why we've invited San Francisco Federal Reserve Bank President and CEO?Mary Daly?to speak at Fortune Brains Show less Read more
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