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Where can I get more information about the LIBOR transition and the new benchmark rates?
For more information about the ARRC: https://www.newyorkfed.org/arrc
For more information about SOFR: https://www.newyorkfed.org/markets/reference-rates/sofr
For more information about Term SOFR: https://www.cmegroup.com/market-data/cme-group-benchmark-administration/term-sofr.html
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Pivot Your Small Business Online: Tips, Resources And Inspiration
As small businesses scramble to right themselves in the ever-shifting COVID-19 world, many are in search of resources to help them thrive. The logistics of pivoting a traditionally in-person business to an online platform might seem overwhelming at first blush. However, businesses can go through a logical process to ma
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Federal Reserve pledges 'powerful support' for economy
WASHINGTON (AP) — The Federal Reserve says that its low interest rate policies are providing “powerful support” for the economy as it recovers from the coronavirus pandemic. In its twice-a-year report to Congress on monetary policy released Friday, the Fed indicated that it plans to maintain that support until further
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The unemployed may never come back. Here's what that means for the economy.
The US economy has had a strange comeback, where overall output is back to its pre-recession level but employment is still low. That means we're selling as much stuff as we were in 2019 but with almost 6 million fewer workers. Workers could stay sidelined and we'll keep making more with less, or they'll come back to a
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What is a rollover IRA? How to transfer funds from your 401(k) to an IRA and avoid taxes
Summary List PlacementIf you have an employer-sponsored plan like a 401(k), you might wonder what happens to your money when you leave the job — either for a new gig, to work on your own, or to retire early. A rollover IRA is one alternative. It could be a smart choice if you're looking for more investment options, low
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Fed sees earlier time frame for rate hikes with inflation up
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back the low-interest-rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising inflation. The Fed's policymakers forecast that they would ra
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Fed keeps key rate near zero, sees inflation as 'transitory'
WASHINGTON (AP) — The U. S. economy is quickly strengthening, inflation is showing signs of picking up and the nation is making progress toward defeating the viral pandemic. But on Wednesday, Chair Jerome Powell made clear that the Federal Reserve isn't even close to beginning a pullback in its ultra-low interest rate
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How Companies Can Help Employees With Student Loan Debt
(StatePoint) After paying monthly student loan minimums, many Americans have just enough to cover basic living expenses, which means that when unexpected expenses arise, they often end up defaulting on their student loans. It’s no wonder that student loan debt is a top financial stressor for so many. There’s good news,
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How To Create A More Inclusive Workplace Culture
While diversity and inclusion in the workplace continue to be among organizations’ top core values – recent research from McKinsey has found its benefits range from greater employee engagement to increased business performance – challenges remain as to how to implement companywide tools and initiatives that help preven
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Three Paths To Increase Revenue and Margins
If you lead an organization or a business unit, odds are you have at least one objective related to growing your top line or improving the bottom line. The task is deceptively difficult. The goal to increase revenue (and/or improve margins) is a clear mandate but, practically speaking, one that is very difficult to exe