Recent News
Margin Pressure
In the second quarter of 2020, net interest margin (NIM) plummeted across U.S. banks as institutions found little opportunity to put excess liquidity to work outside of low-yielding loans.
by Laura Fox
FEATURED MARKET DATA
New Fed Policy Addresses Low Inflation
Faced with lower current inflation and inflation expectations, the Federal Reserve announced changes to its monetary policy strategy in August. This shift in policy lessens the Fed’s practice of preemptively raising rates to avoid higher inflation and will likely lead to lower rates for longer.
by Laura Fox
IPRIME Achieves Significant Milestone
Naperville, Ill. – August 31, 2020-The Illinois Public Reserves Investment Management Trust (IPRIME), along with PMA, a premier full-service provider of comprehensive financial and investment advisory services to local government pools and municipalities, is pleased to announce that, as of August 3rd, 2020, the Fund has reached $1 billion in asset balances.
by Laura Fox 