PMA/ISJIT Achieves Significant Milestone – Reaching $2B in Fund Assets
PMA, a premier full-service provider of financial and advisory services to local governments, along with the Iowa Schools Joint Investment Trust (ISJIT), achieved a significant milestone by reaching an all-time high of $2B in assets in ISJIT and its Fixed Term Automated (FTA) Program as of May 23, 2023.
by Laura Fox FEATURED MARKET DATA
Fed Nearing End of Hikes
The “dot plots” released by the Fed in March depicted their plans to hike rates one more time this year and then hold rates steady. The Fed has also stated they remain data dependent and thus Personal Consumption Expenditures (PCE), the Fed’s preferred measure of inflation, is an important data point.
by Laura Fox 