Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
IWall St. JournalI picks up CUNA comment on market
NEW YORK (12/26/08)--The Wall Street Journal has picked up an article about the effects of the Federal Reserve’s rate cut on money-market funds. The article includes a comment by a Credit Union National Association (CUNA) economist. The Journal published the item on Monday. It originated with Dow Jones Newswires. In it CUNA senior economist Mike Schenk said other funds are nervous about breaking the buck. “They’re staying short term and avoiding credit risks. That’s driving yields down” beyond the effect of the last week’s Fed’s rate cut, he said. News Now reported on the original article last week.
Other Resources

RSS





print
News Now LiveWire
Consumer spending is slumping #Market #Economy http://t.co/RI4HS68IuJ
6 hours ago
April is #NationalFinancialLiteracyMonth & @TheNCUA Chair Matz urges #creditunions to help members learn to manage/protect their finances.
8 hours ago
Fed. FI regulators' statmnts on compromised credentials/destructive malware #cybersecurity http://t.co/f4uTBDm1PU http://t.co/zP5Iw6VxZc
9 hours ago
Home prices rising faster than wages: @RealtyTrac #NewsNow #Market http://t.co/wa74mnw3Cu
11 hours ago
.@Nussle dropped by the @ACUMuseum recently. Read about his visit http://t.co/bYe8RRgYLP
12 hours ago