Good morning. CFOs have navigated economic uncertainty, inflation, and high interest rates over the past few years. But the Federal Reserve announced last week a 50 basis point cut to its benchmark interest rate, which is the first rate cut in four years. And big bank CFOs are optimistic about this move.
“The Fed appears to be winning the inflation battle,” Bank of America CFO Alastair Borthwick said during the BofA Securities Financials CEO Conference on Wednesday.
