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ProBank Austin Advisor

April 2, 2018 - 1 min read

While the equity market is experiencing several crosswinds creating volatility, the economic fundamentals continue to reflect an accelerating rate of growth. Last week, the FOMC included a significant upward revision to fourth quarter Real GDP growth. Usually this last revision is modest but in this case it was revised from 2.5% to 2.9%. This makes…

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Senate Banking Bill 2155. House, It’s Up To You

March 26, 2018 - 4 min read

Candidly, I am not sure if I am more excited about the possibility of some meaningful regulatory relief at the community bank level recently making it through the Senate last week, or the fact that it garnered true bipartisan support at a time when seemingly intransient political polarization seems to be the order of the…

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ProBank Austin Advisor

March 26, 2018 - 1 min read

Normally, financial markets would be driven by Fed action in a week when the FOMC meets. That was not the case last week. A much larger factor was investor’s fear of a trade war. Tariffs were announced against China and they responded with threats of raising tariffs of their own. A trade war,even if it…

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ProBank Austin Advisor

March 19, 2018 - 1 min read

Financial markets will be focused on the Wednesday FOMC meeting. It will be the first for new Chairman Powell, as well as his first press conference. The Fed is expected to raise managed rates by 25 basis points but the focal points will be the language in the statement and the tone of the Chairman….

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ProBank Austin Advisor

March 12, 2018 - 1 min read

The labor market report released on Friday blew away all expectations. Job growth was reported as having risen by 313,000 in February and both January and December’s data revised upward by a total of 54,000. There was strong growth in manufacturing and construction jobs and even growth in retail, a sector that has been slow…

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ProBank Austin Advisor

March 5, 2018 - 1 min read

As if we did not have enough risk affecting financial markets, we added the possibility of trade wars last week. Discussion of imposing tariffs on certain imported goods could lead to retaliation by our trading partners and disrupting the flow of goods and services. The largest drag on U.S. economic growth in the past two…

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Consider the Impact if Your Database was ‘Equifaxed’!

February 27, 2018 - 4 min read

My youngest son is a high school varsity basketball coach. Each year, before the season begins, he hears of certain areas that the state athletic association wants referees to focus on. These are referred to as ‘points of emphasis’. As a coach, he must learn about officiating updates. Some of these points of emphasis may…

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ProBank Austin Advisor

February 26, 2018 - 1 min read

Coming off a week with very limited economic data, this week will provide a wealth of new data. On balance, we expect the data to reflect a slowing in the strong growth at the end of 2017. Real GDP is due to be revised from the 2.6% growth estimate in the advance report to 2.5%….

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Fed to Wells: Can You Hear Me Now?

February 20, 2018 - 6 min read

I had anticipated that this month I would simply script a quick overview of the recently released CCAR/DFAST severely adverse economic scenario dynamics. And much like last year (“Do the 2017 CCAR Scenarios Signal Regulatory Focus?”, 2/16/2017), opine on any potential hidden (or overt) messages being sent by the regulators in terms of risk management…

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ProBank Austin Advisor

February 19, 2018 - 1 min read

The data released last week provided further evidence of upward pressure on inflation. The CPI increased 0.5% in January after rising a revised 0.2% in December. The core rate rose 0.3% which takes the YOY increase up to 1.8%. The PPI increased by 0.4% for the month, up from no change in December. The core…

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