Executives are watching the Federal Reserve’s latest policy meeting for clues on its inflation-fighting campaign and potential for hard landing that could hit consumer spending
in 2015, rate increases hit the company’s titanium technologies business, which is affected by trends in the housing and construction markets, said finance chief Sameer Ralhan. This impact, which has been built into the company’s full-year guidance, is because this segment of the company’s business includes paints and coatings in homes.
“As the market rates are going up, that’s impacting construction in two ways,” which are a decline in existing home sales as well as in new housing construction, he said.The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team.Economic uncertainties may also have an impact on what consumers are willing to pay to fly, according to
Finance Chief Shane Tackett. Airfares have risen sharply from the depressed prices seen during the pandemic, as higher fuel prices and labor costs led airlines to raise ticket prices at the same time consumers were eager to travel.in terms of airfare price hikes that they’ll absorb, Mr. Tackett said.
Finance chiefs are also paying attention to the rate increases in terms of how they affect their companies’ capital allocation priorities. Alaska Air has well over 25% of trailing 12-month revenue in cash or undrawn lines of credits, according to Mr. Tackett. Historically that figure would have been at 10% to 15%, he said.
“We have done that very intentionally and purposely just to allow for some volatility in case there was economic softening,” Mr. Tackett said.
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