Laura Fox

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Posted on December 13, 2022 In Market Outlook

While the market is increasingly attractive on an absolute and relative basis, it has been an extremely challenging performance environment so far this year.

Posted on December 7, 2022 In Press Release
PMA/FL SAFE 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 Florida Surplus Asset Fund Trust (FL SAFE), achieved a significant milestone by reaching $1 billion in assets in FL SAFE and its Fixed Rate Investment program as of November 23, 2022.

Posted on December 5, 2022 In Market Updates
FEATURED MARKET DATA

Fed and Inflation Driving Markets
Stocks rallied in November on softer inflation data and expectations for the Fed to slow the pace of rate hikes beginning in December. Together, the news helped lift the S&P 500 index 5.38% for the month.

Posted on November 2, 2022 In Market Updates
FEATURED MARKET DATA

Inflation Pressures Cool Slightly
The market widely anticipates the Federal Reserve will hike rates by another 75 basis points on November 2. The question on the market’s mind is what they will do in December and what will be the terminal Fed Funds rate.

Posted on October 17, 2022 In Credit Quarterly
Recent News

CD Rates Fall Behind Fed Rate Hikes

As the Federal Reserve has moved short-term rates higher, the rate banks offer on their certificates of deposits has lagged significantly. Across the industry, the average rate for one-year CDs increased by 0.36% to 0.62% from September 2021 to September 2022. Large banks (>$250bn) led the way with an increase of 0.77% for one-year CDs over that period.

Posted on October 5, 2022 In Market Updates
FEATURED MARKET DATA

Seeking Income
A plummet in bond yields in 2020 sent many investors on a search for yield. A relatively attractive dividend yield on stocks provided one source of income. As investors gravitated toward dividend paying stocks, equity indices such as the Russell 1000 Value index outperformed more growth oriented indices.

Posted on September 6, 2022 In Market Updates
FEATURED MARKET DATA

Fed Higher for Longer
In a speech in Jackson Hole, Wyoming on August 26, Fed Chair Jerome Powell emphasized the importance of reducing inflation. He said the Fed would continue raising rates and hold them higher until it is confident inflation is under control. This pushed up market expectations for where the Fed Funds rate will be at the end of 2022, 2023 and 2024.

Posted on August 5, 2022 In Press Release
PMA/WISC Achieves Significant Milestone – Reaching $3B in Fund Assets

PMA, a premier full-service provider of financial and advisory services to local governments, along with the Wisconsin Investment Series Cooperative (WISC), achieved a significant milestone by surpassing $3 billion in assets in WISC and its Fixed Rate Investment program as of July 13, 2022.

Posted on July 14, 2022 In Press Release
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.

Posted on July 7, 2022 In Press Release
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.