SVP and Chief Economist
The PNC Financial Services Group
Medicare for All — Could It Actually Happen?
The idea of Medicare for All and a single-payer system is gaining momentum. What are the pros and cons of various approaches? Read Now »
Where is the Yield Curve Headed?
Market participants are split on the direction of short- and long-term rates. Find out what strategies may work to your advantage. Read Now »
Economic Outlook 2017: Reason for Optimism
Insight from Stuart Hoffman, Chief Economist, PNC
Economic growth will be faster in 2017-2018 with assists from consumer spending, construction spending, business investment and Federal government spending, more than offsetting weakness in U.S. exports as the dollar continues to strengthen and growth outside the U.S. remains slow.WATCH NOW
How APIs can help you improve efficiency and power new opportunities to help you improve products, systems and operations.
What are APIs and why is their use growing? As consumers, we use them to order takeout or pay for a ride to the airport. In business, you can use them to tailor functionality and benefit from new technologies like faster payments.
Outsourcing could give you access to more resources to improve decision-making. We look at resources, rules and risk.
Outsourcing investment decisions can be an efficient way to meet the challenges of an increasingly complex defined contribution plan environment. But is it for you? We look at resources, rules and risk.
Smart contracts can unlock the power of blockchain technology, providing a platform that can remove friction, reduce paper and speed transactions across many industries.
Could smart contracts benefit your business? Smart contracts are blockchain-enabled contracts that have the potential to revolutionize the way we do business. Similar to paper contracts, smart contracts define operating rules between parties, but a key differentiator is that they can also systematically enforce those rules.
Corporate financial managers must consider the impact of interest rate forecasts, future GDP estimates and potential tax reform on corporate cash strategies.
A number of short-term investment options have become part of the consideration set because of the rising market. They include variable net asset value prime money market funds, separately managed accounts and conservative ultra-short bond funds.
You can find relief by improving management of invoice processing through payment.
Invoice automation can help you optimize the use of employee resources, significantly decrease the cost of processing invoices, help you capture vendor discounts more reliably and increase scale within your back office.
The strength of the dollar, a favorable interest
rate environment and an abundance of cash on
hand may make this a good time for domestic
companies to invest outside the U.S.
Companies considering a cross-border merger or acquisition should evaluate the currency risk during the due-diligence stage of the deal to ensure that currency rate volatility does not adversely affect the target price.You can perform a “Value at Risk” analysis to quantify the currency risk between now and closing.
Currency markets are experiencing a significant amount of volatility. Hedging programs can help companies protect profits and cash flow.
While most companies start with hedging balance sheet exposures as they are more visible, more are now considering hedging forecasted exposures such as sales or expenses. Hedging anticipated cash flows depends on the company’s ability to forecast reasonably accurately, although uncertainties can be managed by hedging a percentage of your anticipated exposure.
Credit is available with competitive terms for companies that see their bank as a vital resource. Here are tips for keeping an open relationship with your banker.
Imagine that you run a mid-size company with deep ties to an industry challenged by economic conditions. After decades of success, growth has stalled -- and your income statement is beginning to show it. Open communication with your banker puts everyone in a better position to structure and negotiate the right credit solutions for the challenges at hand.