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ProBank Austin Advisor

May 20, 2019 - 1 min read

No consistent trend is evident from data released in the first four months of this year. The economic data being released continues to create uncertainty with no clear trend. Retail sales for April were reported as having declined by 0.2%. This follows a revised surge of 1.7% in March, a decline of 0.3% for February…

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ProBank Austin Advisor

May 13, 2019 - 1 min read

The labor market continues to tighten but inflation is not accelerating. The conflicting nature of data was highlighted last week. The JOLTS data indicated the number of posted but unfilled job openings increased in March to 7.488 million from 7.142 million at the end of February. The gap between those unemployed and looking for jobs…

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Balance Sheet Growth Rates Decline – ROAA Remains Flat For Ohio Mutuals

May 13, 2019 - 1 min read

Balance sheet growth rates for Ohio mutuals declined precipitously in the first quarter of 2019 compared with first quarter 2018 results.  Through the first quarter of 2019, total assets increased by 1.5 percent compared with 4.3 percent for the same period of 2018.  Total loans increased by 1.2 percent in Q1 ’19 compared with 5.2…

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ProBank Austin Advisor

May 6, 2019 - 1 min read

The data from last week confirmed the strong labor market with little inflation condition. The April labor report was much better than anticipated. Nonfarm payrolls increased by 263,000, well above the 185,000 consensus forecast. The prior two months were revised higher by 13,000. The average monthly gain in the first four months of this year…

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ProBank Austin Advisor

April 29, 2019 - 1 min read

The FOMC meets this week and will need to deal with the conflicting data. The believability of data from the first quarter continues to be a problem. The Advance Report of first quarter Real GDP growth was released on Friday. The economy grew at 3.2%, the fastest growth in the first quarter in the past…

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ProBank Austin Advisor

April 22, 2019 - 1 min read

Better consumer spending data and a lower trade deficit should propel growth. The data being released continues to send mixed signals. Last week it was the retail sales numbers. The economy has been thought to be slowing due to a weak consumption side. Retail sales were reported as having declined by a revised 2.1% in…

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ProBank Austin Advisor

April 15, 2019 - 1 min read

Data is finally catching up and appears to confirm February was the anomaly. The flat yield curve has been created by the Fed raising short-term rates over the past three years while investors have not demanded a risk premium for higher inflation. The Fed was trying to normalize monetary policy which is their way of…

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ProBank Austin Advisor

April 8, 2019 - 1 min read

The data released last week lowered the risks of recession this year. The risk of a looming recession was eased with the release of data last week. Nonfarm payrolls increased by 196,000 for March. The consensus expectation was for an increase of 170,000. This increase was below the monthly average of the past year but…

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ProBank Austin Advisor

April 2, 2019 - 1 min read

Which financial market has it right as stocks move up and interest rates move down? The final numbers are in for the fourth quarter. Real GDP growth was revised down to only 2.2% from 2.6% released in the first report. Consumption across the board was revised downward. Personal consumption expenditures were revised down from 2.8%…

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Professional Bank Services To Showcase ProBank Advisor Compliance Advisory Service at LENDIT FINTECH USA 2019

March 29, 2019 - 2 min read

March 29, 2019, Louisville, KY—Professional Bank Services, Inc. is excited to introduce ProBank Advisor, the company’s new online Compliance Advisory Service, at LendIt Fintech USA, on April 8 and 9 in San Francisco, CA. Developed by industry professionals with decades of hand-on experience and knowledge, ProBank Advisor provides thorough answers on Lending, Deposits, Bank Secrecy…

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ProBank Austin Advisor

March 25, 2019 - 1 min read

The FOMC added to those already forecasting a recession late this year. The sky is falling! That is the conclusion reached by investors last week. The FOMC lowered its growth expectations for the U.S. economy from what had already been a weak forecast at prior meetings. The Fed also removed any guidance for further changes…

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