On November 15, 2017, the BEA released its Consumer Price Index showing that the CPI-U rose 0.1% in October.
Institutions
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.
Philip Chao Featured on PIMCO’s TDF Monitoring Q&A Paper
Chao & Company is one of five defined contribution advisory firms selected by PIMCO to offer opinion regarding how this firm conducts target date fund monitoring.
Quarterly Market Commentary – 2017 Q3
This is the third quarter of 2017 market commentary which represents the current views of Chao & Company, LTD.
Philip Chao in InvestmentNews Article on Monitoring RecordKeepers in a Post New Fiduciary World
Philip Chao was featured in a recent article regarding the fiduciary duty to monitor.
FOMC September 2017 Press Release Language Changes
Here we have highlighted the changes in the September 20, 2017, press release.
Behind the Headline: Is US GDP Stuck in the Low Gear?
09/11/2017 – The average annual real GDP over the 5 decades since 1950 in the U.S. has been 3.6%. The average GDP in the first decade in the 21st Century was 1.7%. Based on our analysis, we believe the U.S. GDP on average is likely to remain below historical trend.
Behind the Headline – US GDP 2017 Q2 2nd Estimate
On August 30, 2017, the Bureau of Economic Analysis released the Second Estimate for the U.S. second quarter real GDP . In this article, we attempt to understand if the 3% revision is an anomaly.
Behind the Headline – Phillips Curve
The Phillips Curve is a hypothesis and should not be treated as a rule. Here we look at the euro area and the U.S. employment and inflation data to show that there employment or low unemployment is now insufficient to drive inflation.
Behind the Headline: 2017 Q2 GDP
Understanding GDP components offers a more complete story of the underlying drivers to our economy.
FOMC July 2017 Press Release Language Changes
Here we have highlighted the changes in the July 26, 2017, press release.
State of the Unemployed Union
Recently, we took a look at the BLS June report for employment and unemployment statistics on the state level and the Employment Situation Summary found some interesting observations.
ECB Press Conference July 20th – What has changed?
During the July 20, 2017, ECB Press Conference, there were some changes made since the June 8, 2017 conference.
Quarterly Market Commentary – 2017 Q2
This is the second quarter of 2017 market commentary which represents the current views of Chao & Company, LTD.
FOMC June 2017 Press Release Language Changes
Here we have highlighted the changes from the June 14, 2017, press release.
Financial Choice Act – Replacing Fiduciary Rule
Here we discuss the House passed Financial CHOICE Act as it aims to dismantle a number of Dodd Frank provisions.