As we begin the third quarter, interest rates continue to remain elevated as the Fed processes employment and inflation data to ensure inflation continues its downward path to 2.00%. While the most recent employment report was a mixed bag, of concern is the steady and unexpected increase in the unemployment rate to 4.1%. While no one data point can pinpoint the next recession, a steady increase in unemployment has certainly been an accurate predictor of the start of every recession in the last 50 years.
Despite the cost of funds still rising, the focus remains on managing margin pressure as liquidity stabilizes. Being proactive and not reactive in balance sheet management is paramount and will again be the focus of this quarter's strategy. Date: Thursday, July 11 Time: 10:30a CST There is no cost for this webinar. Who should participate: Credit Unions’ CEOs, CFOs, investment officers, board members, and those who are directly or indirectly responsible for financial management functions will benefit from this webinar. Actual topics to be determined at a later date. General topics will include:
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