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2,498 results found
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3 ways employers can utilize employee engagement tech to reduce turnover
For HR leadership, zeroing in on employee engagement efforts has never been so critical, as record high resignation rates and a plethora of open
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Buying a Home in a Tight Market? 1 Tactic That Could Work
Here's how to get a seller to say yes to you, even when other offers are on the table. There's a reason buyers are eager to purchase homes these days. Mortgage rates are at all-time lows, and if you purchase a home today, you could lock in a super-affordable monthly payment.
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Fed Rate cut set to lower small business borrowing costs
The Federal Reserve’s recent decision to cut interest rates is expected to bring financial relief to small businesses across the United States. This monetary policy shift will likely reduce borrowing costs for companies with variable-rate loans and those seeking new financing.
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HR strategies to navigate open enrollment in a virtual world
Under normal circumstances, the open enrollment season is a challenging time for HR departments, but 2020 is anything but normal. The COVID-19 crisis has had a profound impact on the economy, unemployment rates, the healthcare system and more. As this year’s open enrollment period rolls up, many employers and HR teams
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Why Jerome Powell's business-as-usual Jackson Hole speech was the best possible outcome
Fed Chair Jerome Powell's annual Jackson Hole speech was uneventful, but that's not a bad thing. Powell reiterated the Fed could start tapering its asset purchases this year and rates aren't changing soon. Stocks hit record highs during the speech as investors shrugged off fears of an early pullback in Fed support. See
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Will Mortgage Rates Finally Fall This Year?
Prospective buyers waiting for mortgage rates to drop could have cause to be optimistic. But anyone expecting the ultra-cheap rates seen during the pandemic shouldn’t hold their breath.
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It’s IRA Season – Ensure Your Assets Are Optimally Invested
Contributing to a traditional IRA or a Roth IRA by April 18 (or April 19 for Maine and Massachusetts residents) is your opportunity to cut your 2021 income taxes with a traditional IRA or get tax-free growth with a Roth, assuming you’re eligible.
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What are the replacement rates for LIBOR?
Although options for replacing LIBOR continue to evolve, Old National has currently identified the following potential replacement options for our clients:
- Secured Overnight Financing Rate (SOFR)
- Term SOFR
The Secured Overnight Financing Rate or SOFR is the replacement benchmark recommended by the New York Federal Reserve’s Alternative Reference Rate Committee (ARRC). (See references below for more information on the work of the ARRC.) SOFR is derived from transactions that are executed in the overnight repurchase agreement (repo) market. These transactions are executed between banks and other intermediaries and are often collateralized by US Treasury securities. The market for SOFR is very deep and liquid with nearly $1 trillion in underlying transactions executed daily.
While SOFR has been identified as the replacement index for LIBOR, there are multiple calculation methodologies which have been developed given that SOFR is a daily rate. The CME Term SOFR Reference Rates benchmark is a daily set of forward-looking interest rate estimates based on the SOFR futures contracts. CME Term SOFR Reference Rates are calculated and published for 1-month, 3-month, 6-month and 12-month tenors. Like LIBOR, CME Term SOFR Reference Rates are forward-looking, and the rate is set at the beginning of the period and interest is paid in arrears.
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Federal Debt When Interest Rates Rise
When interest rates rise, how much will the interest cost of the federal debt increase?
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Interest rates will likely continue to be one of the highest searched terms in the coming quarter
Interest rates will likely continue to be one of the highest searched terms in the coming quarter. While policy and election content will continue to raise concerns, financial institutions can guide audiences with personalized content that answers their specific questions. This piece would entail a long-form, 1K word i