What The Fed’s Rate Cut Means For Your Clients
The Federal Reserve has cut its benchmark interest rate again, big news for the U.S. economy but something that will likely have a muted impact on Americans' personal finances, experts say. That's because the reduction doesn't offset the increases of recent years. The central bank on Wednesday reduced its key rate by a quarter-point to a range of 1.75% to 2%.Read more
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Washington Wire
What The Fed’s Rate Cut Means For Your Clients
The Federal Reserve has cut its benchmark interest rate again, big news for the U.S. economy but something that will likely have a muted impact on Americans’ personal finances, experts say. That’s because the reduction doesn’t offset the increases of recent years. The central bank on Wednesday reduced its key rate by a quarter-point to a range of 1.75% to 2%.
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Annuity News
ADISA Meets With NJ Regulators To Discuss Proposed Fiduciary Rule
–ADISA, the nation’s largest trade association for the retail alternative investment space, announced today that its government relations team met with regulators in New Jersey earlier this week to discuss the state’s impending fiduciary rule. ADISA board member and former president, John Grady, along with Thomas Rosenfield, attended the meeting.
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The Big I Appeals NY Ruling Upholding Best Interest Standard
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INN Insider
State Regulator Bars Arbitration Clauses In Advisor Contracts
According to an article from law firm Venable posted on legal news site Lexology.com, Virginia’s State Corporation Commission’ s ban on investment advisers operating in the state from using mandatory arbitration clauses in advisory contracts went into effect this week, but is unlikely to withstand a legal challenge.. It was meant to combat the“ growing trend…
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