ALEXANDRIA, Va. (10/31/13)--National Credit Union Administration Chief Economist John Worth examines the impact of the federal government shutdown and related events on interest rates, consumer confidence and labor markets in a new "Economic Update" video.
Worth addresses the recent decline in long-term interest rates. "While interest rates will remain relatively low while growth is weaker than expected, we think this will just be a delay in the ultimate re-adjustment of rates that credit unions need to be planning for," Worth says in the video.
The video is the latest in a series of YouTube videos to inform the public and credit unions about general economic and credit union specific developments.
The videos can also be viewed on the NCUA's YouTube page by using the resource link below.