Recent economic developments have stirred considerable attention among credit unions. Last month, the U.S. economy added 199,000 jobs, showing improvement from October but falling below the average of the previous 12 months, and the unemployment rate decreased to 3.7%.
In addition, inflation eased slightly but remains elevated. At the Federal Open Market Committee’s meeting this month, they opted to maintain their policy rate in the 5.25%–5.5% range with plans for three quarter-point cuts in the coming year.
So, what does it all mean for your credit union in 2024?
During his Q4 Economic Update webinar, Chief Investment Officer Bob Post delves into the analysis of crucial economic indicators and presents his outlook for 2024. The webinar is available for viewing at your convenience.