Despite no measurable economic improvement, the FOMC says it will slow asset purchases to control inflation. Rates may rise sooner than expected.
Credit unions should take NEV caution since the sole source of capital stability and growth is net income.
May's 6.3% unemployment rate is no improvement over April. The rate has declines 1.2% in 12 months.
"While there has been substantial job creation, we have further to go," new Fed chairwoman tells House Financial Services Committee.
Would members pay to make deposits to their credit union share accounts?
FOMC says keeping target range supports progress toward maximum employment.
Fed-watching economist Ed Yardeni sees promise, problems in widening yield curve and credit spreads.
Credit Union Economics Group meets with Federal Reserve officials for 11th year.
Credit union CEO says low rates continue to tighten interest income spread while industry remains "averse" to boosting fee income.
Unstable home values, job insecurity and volatile stock market fears may be more of a concern for some members than what the rates are at their credit unions.