Interest Rates Hit Cushman's Bottom Line, But Brokerage Beats Expectations Interest rates pecked away at both sides of Cushman & Wakefield’s balance sheet last year, with the company reporting a net loss for 2023 but beating analysts’ expectations. Cushman’s top executive expressed optimism about the possibility of interest rate cuts this year. Reduced rates could not only get capital markets business flowing again but also reduce interest expenses, a significant line item for Cushman, which carries roughly $3B in debt. 
“With the inverted curve that we have today, people are hesitant to borrow and lend,” CEO Michelle MacKay said during the company’s earnings call Tuesday. “Once the Fed begins to cut rates, which seems likely to happen later this year, we set the yield curve to begin a process of… Read the full story here. | 
