On May 10, 2021, the Federal Deposit Insurance Corporation (FDIC) proposed a rule to implement section 18(a)(4) of the Federal Deposit Insurance Act, which prohibits any person from making false or misleading representations about deposit insurance or from using the FDIC’s name or logo in a manner that would imply an uninsured financial product is…
read article →Status: Pending Lead Advisor: Chris Hargrove
read article →On May 14, 2021, the Consumer Financial Protection Bureau (CFPB) updated its TRID FAQs to include questions and answers regarding housing assistance loans under the Truth-in-Lending/Real Estate Settlement Procedures Act Integrated Disclosure Rule, as implemented by Regulation Z (12 CFR 1026). The Q&As discuss that housing assistance loans are generally subject to TRID but may…
read article →Status: Pending Lead Advisors: Chris Hargrove
read article →The strong labor market report should give the Fed a reason to alter rate guidance. The Federal Reserve is charged by Congress with conducting monetary policy in such a way as to promote full employment and stable prices. The data released in the last three months reflect a strong movement towards full employment. The labor…
read article →Investors ignored the data from last week believing it is too soon to determine the base level of economic activity post pandemic. The Advance Report for second quarter economic growth was released last week. Real GDP was reported as having increased by 6.5% over first quarter levels. The consensus forecast called for an increase of…
read article →A big week for data will cause volatility in both stock and bond prices. A huge amount of data will be released this week. This data should provide evidence of the strength of the rebound from re-opening from the pandemic. As recently as a month ago, forecasts called for growth of better than 10% for…
read article →Investors continue to worry about the strength and length of the recovery. The strength and sustainability of the economic rebound continues to weigh on financial markets. The risk is growth slows in the second half of this year after the huge surge in Real GDP in the first half. The Federal Reserve has fed these…
read article →The inflation data due out this week will be high but no one seems to care. The limited data released last week did nothing to resolve the caution investors are taking about the future course of economic recovery. The JOLTS data still reflects a record level of unfilled job openings. This condition limits the ability…
read article →Uneven data releases add to the caution the Fed has been operating under. Conflicting data was released last week. The strong data included a large increase in consumer confidence and nonfarm payroll growth. The weaker data included motor vehicle sales, the unemployment rate, and trade deficit. It is weeks like this that makes determining the…
read article →Economic conditions are beginning to reach a point where the new normal can be defined. The U.S. economy is rapidly reaching a stable condition where determinations can be made as to the nature of the environment post-pandemic. Personal income, spending and inflation for May were released last week. While the economy was not fully opened…
read article →Status: Pending Lead Advisors: Rick Maroney
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