Credit unions with total assets of $50 million and above must now follow different expectations and frameworks when calculating capital ratios. The new capital adequacy standards were implemented on January 1, 2022, from the National Credit Union Administration (NCUA). First issued in October 2015 as a result of the 2009…
Chief U.S. Economist Michael Feroli of JP Morgan expects that headliner CPI will step down from a blistering pace of 9.5% annual rate in the first half of 2022 to an elevated 7.2% in 2022Q3 and a subdued 1.7% in 2022Q4. Core CPI inflation moderates from 6.3% in the first…
Yields of the 2-year T-Note over 3% and anticipated increases in the Fed funds rate, together, forecast substantial increases in brokered CDs of $250,000 or less. IDC Financial Publishing (IDCFP) has attempted over time to estimate brokered CDs for individual banks. The unknown in the equation has historically been the level of…
The Consumer Price Index (CPI) is backward-looking pricing inflation for events that occurred earlier in the year or even 2021. As an example, housing inflation is priced in rental costs based on historical housing prices, but U.S. mortgage applications in June fell to the lowest level in 22 years (indicating…
Cycle Low in the High Yield Bond ETF (HYG) Forecasts Cycle Low in S&P 500 and the Ratio of Regional Bank Stock ETF (KRE) to Russell 1000 Value ETF (IWD) Every cycle low in the HYG forecast a low in the S&P 500 (see Chart I). The question everyone asks,…
