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 While PCE Price Index Data Was A Bit Better Relative To Estimates

United Asset Strategies |
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Morning Updates

U.S. stock futures are lower.  The personal consumption expenditures (PCE) price index data was a little bit better relative to estimates.  The core PCE month over month was 0.3% compared to consensus of 0.4% and annual increase was 4.7% compared to 4.8% estimates.  While the headline numbers are at decade highs, the annual rate for May of 4.7% is lower relative to the prior April’s 4.9%.  The non-core PCE data points were also below estimates and jobless claims from last week were 231k relative to survey of 230k.  Equity futures remain in negative territory and treasury yields are lower.  The 10y is at 3.02%, versus its closing level of 3.09% and yields are lower across the curve.  At yesterday’s ECB forum, global central bankers stated a priority to rein in inflationary pressures which may precipitate a recession.  International markets are lower.