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
CONNECT WITH FSI  LinkedInFacebookTwitter
FSI NewsBrief
Daily summary of financial industry news
SIGN UP ⋅   FORWARD
Top News
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) 
LinkedIn Twitter Facebook Email
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) 
LinkedIn Twitter Facebook Email
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) 
LinkedIn Twitter Facebook Email
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) 
LinkedIn Twitter Facebook Email
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) 
LinkedIn Twitter Facebook Email
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) 
LinkedIn Twitter Facebook Email
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
LinkedIn Twitter Facebook Email
Learn more about FSI:
Homepage | Advocacy Action Center | Renew | Join | CoveredAdvisor Affinity Benefits
  
  
Ditch the dream and be a doer, not a dreamer.
Shonda Rhimes,
television producer, writer
LinkedIn Twitter Facebook Email
  
  
About FSI
FSI was formed in January 2004 as an advocacy and membership organization for independent broker-dealers and independent financial advisors. We provide insight, information, influence, and involvement--all in support of our mission to provide visibility, credibility, and an improved regulatory environment for the independent channel. Learn more at financialservices.org
 
Contact FSI
Financial Services Institute, Inc.
1201 Pennsylvania Ave. NW
Suite 700
Washington, DC 20004
Toll-free: 888 373-1840
Fax: 770 980-8481
financialservices.org
membership@financialservices.org
Sign Up
SmartBrief offers 200+ newsletters
Subscriber Tools:
Contact Us:
Advertising  -  Abiy Bekele
P: 919.931.5915
Editor  -  Emily Norris
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2019 SmartBrief, Inc.®
Privacy Policy (updated May 25, 2018) |  Legal Information