Good morning. CFOs are tasked with practicing precision in balancing short-term and long-term goals in a macro environment. But now with rate cuts, they could be finding more flexibility to look beyond the short term.
Bank of America (BofA) CFO Alastair Borthwick made that observation during a media call last week. Coming out of the pandemic, “rates went from 0% to 4% and 5% very, very quickly, and that was a period of a lot of adjustment, making it very difficult for CEOs and CFOs to make long-term decisions,” Borthwick said.
