When it comes to rate hikes, CFOs aren’t counting on a ‘one-and-done’

AI SUMMARY

# Investing Summary CFOs are bracing for multiple Federal Reserve rate hikes rather than a single increase, according to Columbia economist Yiming Ma, suggesting markets should prepare for sustained monetary tightening that could extend corporate financing costs and potentially compress profit margins across sectors. The economist warns that investors face greater portfolio risk from underestimating the cumulative impact of repeated rate hikes than from any individual increase, implying elevated volatility ahead for interest-rate-sensitive equities and bonds.