Economists: Rising inflation might prompt Fed to rethink rate cuts | Mnuchin: US might issue 50-year bond next year | Exec offers suggestions for creating a "5-star" client experience
September 13, 2019
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Economists: Rising inflation might prompt Fed to rethink rate cuts
A majority of economists say a significant increase in US core consumer prices last month is unlikely to keep the Federal Reserve from reducing interest rates next week, but it could make further cuts before year-end less likely, a Reuters survey finds. "The Fed will still cut rates next week to provide added insurance in the event that the trade war escalates, but it might think twice about moving again in October if core inflation shows any further spark," BMO Capital Markets economist Sal Guatieri says.
Reuters (9/12) 
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Policy Watch
Mnuchin: US might issue 50-year bond next year
The US Treasury Department is considering issuing a 50-year bond in 2020 to capitalize on low interest rates and to offset fast-rising borrowing costs, Secretary Steven Mnuchin says. Bonds with maturity of more than 30 years were evaluated, then abandoned, by the Treasury in 2017, but Mnuchin says there is demand for them.
The Wall Street Journal (tiered subscription model) (9/12) 
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Building Your Business
Exec offers suggestions for creating a "5-star" client experience
Advisors can create a "five-star experience" for clients with small, inexpensive touches, says Susan Kay, director of business development at MFS Fund Distributors. Her recommendations include personalized postage stamps, takeout boxes of candy and hosting events such as a wine tasting.
InvestmentNews (tiered subscription model) (9/11) 
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Financial Products
Passive equity funds overtake active counterparts
Assets in US index-based equity mutual funds and exchange-traded funds exceeded assets in active stock funds for the first time in August, after years of growth for passive investment. The shift represents a milestone for the financial industry.
Bloomberg (tiered subscription model) (9/11) 
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Retirement Focus
Scammers continue to successfully target those older than 70
Scammers are having success targeting older Americans, with the Consumer Financial Protection Bureau reporting that people over 70 caught in a scam lose an average of $41,800. Popular scams focus on Social Security, employment searches, pets and grandchildren, experts say.
The New York Times (tiered subscription model) (9/12) 
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Tips for increasing retirement savings
If your retirement savings are falling short, consider automating the process. This article offers additional savings tips and a breakdown of average savings by age group.
U.S. News & World Report (9/12) 
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FSI Member News & Events
Tell Congress: Time for the SEC to stop regulating without rules
It's time for the SEC to return to required rulemaking to impose new regulations, rather than regulating without rules. This kind of drive-by regulating harms independent financial-services firms and American investors. Go here to take action now! #RegsWithoutRules
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