The September CUNA Economic Update “paints a generally positive economic picture, with mild weak points,” said Perc Pineda, CUNA senior economist.
“While the strengthening labor market is driving improved performance in new house sales and personal consumption expenditures, overall economic growth is still modest,” said Pineda. “These issues, along with their effect on the financial health of credit unions and their members are the focus of this month’s video.”
The video also addresses declining existing house sales, soft job numbers for August and declining U.S. Treasury yields resulting from increased investment in U.S. Treasuries. Pineda also discusses the outlook for the next interest rate increase from the Federal Reserve.
The CUNA Economic Update, sponsored by the CUNA CFO Council, is available free to CUNA member credit unions.