Register Today! PEPs & The Future of 401(k)

Hosted by: Michael Abate AIF®, CRPS®

Date: Wednesday, October 28th

Time: 12:00pm ET

PEPs & The Future of 401(k)
Webinar explores the future of 401(k) plan management and the growing role of Pooled Employer Plans (PEPs). We’ll discuss how employers view the challenges of managing 401(k) plans and how PEPs can help reduce fiduciary risk, streamline administration, and lower costs.

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U.S. Stock Futures Are Lower This Morning

United Asset Strategies |
Categories
Morning Updates

U.S. stock futures are lower:   CPI rose 7.5% annually versus estimate of 7.2% and the monthly gauge increased 0.6% versus consensus of 0.5%.  Removing food and energy costs, CPI grew 6%, relative to 5.9% consensus.  The annual increase was the highest reading since February 1982 and this report will undoubtedly increase pressure on the Fed to heighten rates quicker.  Jobless claims from last week was 223k compared to 230k estimate.  Post announcement, the 10y yields increased roughly 3 basis points and equity futures inched lower and the 2y treasury bond, the most sensitive duration to interest rate changes, moved up roughly 10 basis points to 1.45% from its close at 1.35%.  Additionally, Nasdaq futures & European markets declined after the release.