The June 13, 2018, FOMC meeting lived up to the market’s expectation of a 25bp rate increase. This has been widely expected since this is a “live” meeting (meaning that the meeting is followed by a Chairman press conference). This allows the FOMC, though Chairman Powell, to offer an additional opportunity to explain the position taken by the FOMC and to answer questions from the press.
Institutions
Response to the 5th Circuit Appeal Court’s Decision
In response to the 5th Circuit Appeal’s Court decision, Mabel Capolongo, Director of Enforcement Regional Directors at the DOL today issued “FIELD ASSISTANCE BULLETIN NO. 2018-02” which states…
Behind the Headline: Q1 GDP Lower & March Inflation Higher
On April 27th, the Bureau of Economic Analysis (BEA) released its “advance estimate” for the 2018 Q1 real GDP at 2.3%.
FOMC May 2018 Press Release Changes
Here we have highlighted the changes in the May 2, 2018, FOMC Press Release.
Quarterly Market Commentary – 2018 Q1
This is the first quarter of 2018 market commentary which represents the current views of Chao & Company, LTD.
FOMC March 2018 Press Release Changes
Here we have highlighted the changes in the March 21, 2018, FOMC Press Release.
Philip Chao in InvestmentNews Article on How to Design a 401(k) plan that’s lawsuit-proof
Obviously there is no such design, but there are actions that can be taken to significantly minimize the probability of being sued.
FOMC January 2018 Press Release Changes
Here we have highlighted the changes in the January 31, 2018, FOMC Press Release.
Quarterly Market Commentary – 2017 Q4
This is the fourth quarter of 2017 market commentary which represents the current views of Chao & Company, LTD.
Philip Chao in InvestmentNews Article on Fidelity Charging Plans for Vanguard Asset Custody
Philip Chao has been feature in an Investment News article providing his thoughts and comments on Fidelity charging a new fee on Vanguard assets held in their 401ks.
FOMC Dec 2017 Economic Projections
Here we have summarized the accompanying economic projections to the December, 13, 2017, FOMC Press Release.
FOMC December 2017 Press Release Changes
Here we have highlighted the changes in the December, 13, 2017, FOMC Press Release.
Philip Chao in InvestmentNews Article on Retirement Plan Advisers Needing B-Ds
Philip Chao quoted in InvestmentNews article “Do specialized retirement plan advisers even need a broker-dealer?”
Philip Chao in InvestmentNews Article on Managed Accounts Push in 401(k) plans
Philip Chao quoted in InvestmentNews Article “401(k) Managed Account Push Rife with Conflicts of Interest”.
Behind the Headline – October CPI
On November 15, 2017, the BEA released its Consumer Price Index showing that the CPI-U rose 0.1% in October.
Philip Chao in InvestmentNews Article on Annuities in 401(k) plans
The Trump administration wants to give a shot in the arm to annuities in 401(k) plans by encouraging rules to make it more palatable for plan sponsors to offer such products.
FOMC November 2017 Press Release Language Changes
Here we have highlighted the changes in the November 1, 2017, FOMC press release.
Behind the Headline – US GDP Surprising at 3 percent
The 2017 Q3 came in at 3% and surprised everyone. What are the contributing factors telling us?
ECB Press Conference October 26th – What has changed?
Here we have highlighted the changes in the October 26, 2017, press release.
GAO Reporting on the State of the Nation’s Retirement System
Research shows that many households are ill-equipped to manage their own retirement account and have little or no retirement savings.