The U.S. economy will experience moderate growth in 2024 while avoiding recessions, America’s Credit Unions’ economists forecast in the January Economic Update. America’s Credit Unions’ Curt Long and Mike Schenk examine the organization’s latest economic forecast in the video. Liquidity, loan performance cost of funds, and operating expenses will combine to make a challenging year …
Ahead of the House Financial Services Committee’s (HFSC) Financial Crimes Enforcement Network (FinCEN) oversight hearing, America’s Credit Unions President/CEO Jim Nussle expressed support for FinCEN’s efforts “to track and investigate financial crimes involving money laundering and terrorist financing” through beneficial ownership information (BOI) rulemakings. Nussle noted that credit unions are “keenly interested” in BOI rules …
The Bureau of Labor and Statistics (BLS) released January’s consumer price index report Tuesday, noting inflation currently sits at 3.1%. “Overall prices slowed down to 3.1% in January from 3.4% in December over the previous 12 months. Core inflation, which excludes food and energy items, remain unchanged,” said America’s Credit Unions’ Dawit Kebede. “On a monthly …
