PMA Grieves the Loss of Founder Dr. Robert “Bob” English
It is with heavy hearts that we announce the passing of PMA’s founder, Dr. Robert “Bob” English, who passed away this past weekend, surrounded by his loving family. Those of us who have had the opportunity to know and work with Dr. English feel a great loss, but his passion for schools and the communities that PMA serves will live on forever.
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Banks Utilize Cautious Investment Approach
U.S. commercial banks were hesitant to deploy their cash into securities in the third quarter as securities fell 3.7% from the prior quarter, declining to 25% of assets from 26% the prior quarter, according to S&P Global Market Intelligence.
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Tighter Financial Conditions Slow Growth
During 2022, global central banks tightened monetary policy in an effort to combat heightened inflation. This tightened financial conditions and has resulted in manufacturers slowing production globally.