As a Treasury as a Service (TaaS) platform, our cash management team pays a lot of attention to the economic environment. We want to share some current macroeconomic insights that CFOs and business leaders can use when planning and optimizing their company finances.
Comments (October 2022): The probability of recession over the next 12 months has risen from about 40% last month to roughly 60% this month. While not certain, it is looking more and more likely that a recession will occur in 2023. We will continue to diligently monitor the data.
Read more about Treasure's data-driven economic indicators in our blog.
1. Based on the average annual excess returns of hypothetical back-tested performance in the Treasure High Yield portfolio from 2013 to present and the current Federal Funds Rate. Results are shown net of fees. Hypothetical back-tested performance is not a guarantee of future performance and actual results will vary. Returns are subject to change daily. Source: Bloomberg.
2. Treasure Cash accounts are held at Grasshopper Bank, N.A., our FDIC partner bank.
3. Based on average bank account rates as of 6/30/2022. Source: Bankrate.
