NCUA Economist: Moderate Growth Could Prompt Some Interest Rate Concerns (video)
The NCUA on Thursday released its May economic update on the agency’s official YouTube channel.
In the latest installment of the series, NCUA Chief Economist John Worth provides a brief synopsis of recent economic trends that point to a moderately growing economy.
The unemployment rate reached its lowest monthly level since December 2008, dropping to 7.5% in April.
However, Worth warns that an “improving economy with a falling unemployment rate will raise concerns about when interest rates will start rising. Rising rates could pose challenges to some credit unions.”
NCUA produces the monthly video to serve as a resource for credit union board members, loan officers and management.