PMA/MOCAAT Achieves Significant Milestone – Reaching $1B in Fund Assets
PMA, a premier full-service provider of financial and advisory services to local governments, along with the Missouri Capital Asset Advantage Treasury (MOCAAT), achieved a significant milestone by reaching $1 billion in assets in MOCAAT and its Fixed Rate Investment Program as of July 12, 2022.
PMA | IPRIME Partners with ISACo to Serve Illinois Counties
We would like to take this opportunity to provide our colleagues with some exciting news regarding a new partnership between PMA and ISACo! On June 13, 2022, PMA Financial Network, LLC and PMA Securities, LLC (PMA) entered a partnership with the Illinois State Association of Counties (ISACo) to serve counties with a complete line of financial management and investment services.
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Fighting Inflation
The Federal Reserve further expanded efforts to reduce inflation in June through a 75 basis point rate hike and hawkish Fed speak. Federal Reserve Chairman Jerome Powell was clear during Congressional testimony that the Fed is committed to price stability.