Monthly Archives: September 2018

Good News! The Federal Reserve is Expected to Hike Interest Rates Again

By Jon Meyers

September 28 — When the Federal Reserve announces a rate adjustment, multiple market sectors take notice — especially lenders and developers in commercial real estate. Since 2015, the Federal Reserve has raised interest rates nine times, the most recent in September. Slowly increasing from almost zero percent, one more rate increase is expected before the end of this year.


Labor Market Survey Shows a Higher Rate of Employer-to-Employer Transitions

September 28 — The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the July 2018 SCE Labor Market Survey, which shows a rise in the employer-to-employer transition rate and an increase in the average full-time offer wage, compared to a year ago. Satisfaction with promotion opportunities improved, while satisfaction with wage compensation retreated slightly from July 2017’s level. Regarding expectations, the average expected wage offer (conditional on receiving one) and the average reservation wage—the lowest wage at which respondents would be willing to accept a new job — both increased. There was a small uptick in the average expected likelihood of moving into unemployment over the next four months, and that move was most pronounced for female respondents.


Millennials Prefer ETFs More than Other Generations, but Mutual Funds Remain King

September 28 — Millennials allocate a larger percentage of their portfolios to ETFs and cash than other generations, according to the results of Charles Schwab’s SDBA [self-directed brokerage accounts] Indicators Report. However, mutual funds remain the largest holding in the accounts of all generations.


Fraud Costs Are Climbing

September 27 — A new study from LexisNexis, 2018 True Cost of Fraud, found that for every dollar of fraud, financial services companies incur $2.92 in costs, up from $2.67 in 2017, representing a 9.3 percent year-over-year increase. The lost value of the transaction, plus fees and interest incurred during applications/underwriting/processing stages, labor costs for fraud investigation, fines and legal fees, as well as external recovery expenses are the main costs of fraud for financial institutions.


Sageworks Launches Sageworks Insights for Better Risk Analysis and Decision-Making

September 27 — Sageworks, a financial information company that offers lending, credit risk and portfolio risk solutions to banks and credit unions, announced the rollout of Sageworks Insights. This tool will enable institutions to make informed decisions by organizing and presenting more data for analysis and modeling. Sageworks Insights is the newest addition to the Portfolio Analytics suite, joining the company’s Stress Testing and Allowance for Loan and Lease Losses (ALLL) solutions.


  • Sign Up

  • Categories

  • Archive

Software: Kryptronic eCommerce, Copyright 1999-2019 Kryptronic, Inc. Exec Time: 0.064392 Seconds Memory Usage: 3.799858 Megabytes