Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2018 through the third quarter of 2019, Social Security and Supplemental Security Income (SSI) beneficiaries will receive a 1.6 percent COLA for 2020. Please retrieve the Social...
Institutions
FOMC September 2019 Press Release Language Change
Summary Labor market remains strong with solid job gains. (no change) Economic activity has been rising at a moderate rate. (no change) Unemployment rate has remained low. (no change) Growth of household spending has been rising at a strong pace. (changed) Growth of...
ECB Press Conference September 12, 2019 – What Has Changed?
Summary · As reflected in the new staff projections, expecting a more protracted weakness of the euro area economy, the persistence of prominent downside risks and muted inflationary pressures with further downgrade of the inflation outlook. (changed) · ...
FOMC July 2019 Press Release Language Change
FOMC cut rates by 25bp and stopped shrinking its balance sheet 2 months earlier than scheduled. The market was hoping for more cuts and more clarity in the policy path going forward from Chair Powell and received neither. It is well recognized that the U.S. economy...
ECB Press Conference July 25, 2019 – What Has Changed?
Summary Keep ECB interest rates unchanged and expect them to remain at their present or lower levels at least through Q2 of 2020. (unchanged) Intends to continue reinvesting, in full, the principal payments from maturing securities purchased under the asset purchase...
Quarterly Market Commentary – 2019 Q2
This is the 2nd quarter of 2019 market commentary which represents the current views of Chao & Company, LTD.
FOMC June 2019 Press Release Language Change
Here we have highlighted the changes in the June 19, 2019, FOMC Press Release
ECB Press Conference June 6, 2019 – What has changed?
What has changed since the last meeting on April 10, 2019?
2020 HSA Plan Limits
On May 22, 2019, the Internal Revenue Service issued Revenue Procedure 2019-25, announcing the 2020 inflation-adjusted amounts for Health Savings Accounts (HSAs), as determined under the Internal Revenue Code § 223. Here is a comparison of the HSA calendar year 2019 and 2020 annual limits.
FOMC May 2019 Press Release Language Change
Here we have highlighted the changes in the May 1, 2019, FOMC Press Release.
Behind the Headline – Above Trend 2019Q1 GDP (advance)
The advance estimate for first quarter real GDP came in at 3.2% and surprised on the upside.
Quarterly Market Commentary – 2019 Q1
This is the first quarter of 2019 market commentary which represents the current views of Chao & Company, LTD.
ECB Press Conference April 10, 2019 – What has changed?
What has changed since March 7, 2019?
Behind the Headline – What is an inverted yield curve by Reuters
The 3 month-10 year portion of the yield curve has inverted. Many consider this to be the tell tale sign for an economic recession in 12 to 24 months. However, some observers consider the 2 year U.S. treasury yield curve to be the better indicator. Either way,...
FOMC March 2019 Press Release Language Change
Here we have highlighted the changes in the March 20, 2019, FOMC Press Release.
The FOMC is Reviewing its Toolbox of Policy Goodies
Since we do not expect an economic recession in the U.S. until 2021 and beyond, we are hopeful that any new policy tools or retooling of the existing policy goodies will be ready for prime time.
ECB Press Conference March 7, 2019 – What has changed?
Here we have highlighted the changes from the January 24, 2019, ECB Press Conference.
Wong, et al vs. Fidelity – Finding New Ways to Get Revenue
In its thirst to maintain and grow assets under administration in an increasingly competitive and dwindling fee environment, a recordkeeper must find a balance between the services it offers and the overall (direct and indirect) revenue generated in support of such...
iGPS – A Distribution Solution for Asset Managers
iGPS can give new life to asset managers and recordkeepers as the optimum QDIA solution between a target date fund and a managed account.
Davis vs. Stadion Money Management, LLC + United of Omaha Life – a First Look
This class action lawsuit shines a light onto the revenue sharing (or possible self-dealing and prohibited transactions) relationship between a recordkeeper and a managed account provider. Although it is premature to suggest who will prevail in this suit, it is fair...