In this episode, Craig Jeffery speaks with Debbie Cunningham and John Mosko of Federated Hermes about expectations for 2026. They cover interest rate policy, Fed leadership changes, inflation pressure, and investment strategy. How should treasury teams respond to a slow-growth environment and policy uncertainty? Listen in for insight.

Views are those of Federated Securities Corp. as of December 11th, 2025, and are subject to change based on market conditions and other factors. These views should not be construed as a recommendation for any specific security or sector. Due to various risks and uncertainties, actual events, results or actual performance may differ materially from that reflected or contemplated in any forward-looking statements. Nothing contained herein may be relied upon as a guarantee, or a representation as to the future. Although the information provided in this podcast has been obtained from sources which Federated Hermes believes to be reliable, it does not guarantee accuracy of such information and such information may be incomplete or condensed. Federated Hermes is not affiliated with Strategic Treasurer.

You could lose money by investing in a money market fund. Although some money market funds seek to preserve the value of your investment at $1.00 per share, they cannot guarantee they will do so. An investment in money market funds is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

Bond prices are sensitive to changes in interest rates and a rise in interest rates can cause a decline in their prices.

Duration is a measure of a security's price sensitivity to changes in interest rates. Securities with longer durations are more sensitive to changes in interest rates than securities of shorter durations.

Federated Securities Corp. is Distributor of the Federated Hermes funds. Separately Managed Accounts are available through Federated Investment Counseling.

Expectations for 2026: Fed, Monetary Policy, Economy (Federated Hermes)

The Treasury Update Podcast