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 | United Asset Strategies

U.S. Stock Futures Are Lower While the Fed Raised Its Benchmark Rate By 75 bps

United Asset Strategies |
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U.S. stock futures are lower:  Markets are down after yesterday’s post Fed announcement rally.  The Fed raised its benchmark rate by 75 bps, the biggest hike in three decades, as officials seek to lessen elevated inflation.  Additionally, the Chairman stated that either a 50 or 75 bps rate hike is most likely at the July meeting.  In economic reports,  jobless claims from last week were 229k versus 217k consensus and housing states declined month over month by -14.4% relative to -1.8% survey figure.  The Bank of England raised its bank rate by 25 bps to 1.25% and reiterated its 2% inflation target.   European markets are down and same with Asian markets.  China’s new home prices in May declined for the second month as Covid-19 restrictions impacted the overall residential market demand.