FOMC unanimously voted to raise the overnight fed funds rate 25 basis points.
Weekly Update: Good Morning, Last week the FOMC unanimously voted to raise the overnight fed funds rate 25 basis points. Now the top yield is 2.00%. With the FOMC leaning towards two more rate hikes in September and December, we may see a fed funds rate of 2.50% this year. The FOMC has been grumbling about raising rates slowly to a “neutral” position; believed to be around a yield of
Recent unemployment numbers.
Weekly Update: Goodmorning, Good things do happen in threes. One – On Saturday, the horse Justify won the Belmont Stakes and became a Triple Crown winner. Two – There are 6.7 million job openings in the USA. There are 6.3 million people unemployed. There are more openings than unemployed. Good for USA workers. Three – The June Solstice is next week. June 20th is the longest day of the year
Interview with Charley McQueen: Credit unions kicked auto lending up a notch in 2017. In the second quarter of last year, the NCUA reported that new auto loans had risen 16.3% from the year before – a continuation of what had been a long term acceleration over the preceding several quarters. However, while the numbers may look good overall, there are a number of warning signs that this growth may