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March 31, 2015
NCUA video points to 'solid' economic growth outlook
The latest economic growth outlook for 2015, key credit union results from year-end 2014 and the recent Federal Open Market Committee announcement are discussed in NCUA's newest video in its economic update YouTube series.
NCUA noted in its latest video the economic growth outlook for 2015 looks "solid but is less optimistic than a few months ago and oil producing regions may experience rising unemployment," according to the agency's statement.
Regarding the FOMC announcement last month, NCUA noted that the Federal Reserve's interest rate policies will impact credit unions' interest rate costs. FOMC did change its forward guidance on monetary policy in its last statement, though it still says it is unlikely to raise the federal funds rate target until after at least two more committee meetings have occurred. The FOMC's next policy-setting meetings are slated for late April and June.
Providing additional economic resources to credit unions, NAFCU's quarterly CU Industry Trends report reveals the latest trends among federal credit unions and is based on NCUA data at the industry level and broken down by region, state and asset class.
NCUA noted in its latest video the economic growth outlook for 2015 looks "solid but is less optimistic than a few months ago and oil producing regions may experience rising unemployment," according to the agency's statement.
Regarding the FOMC announcement last month, NCUA noted that the Federal Reserve's interest rate policies will impact credit unions' interest rate costs. FOMC did change its forward guidance on monetary policy in its last statement, though it still says it is unlikely to raise the federal funds rate target until after at least two more committee meetings have occurred. The FOMC's next policy-setting meetings are slated for late April and June.
Providing additional economic resources to credit unions, NAFCU's quarterly CU Industry Trends report reveals the latest trends among federal credit unions and is based on NCUA data at the industry level and broken down by region, state and asset class.
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