Inflation to Exceed Expectations

In the post-COVID-19 period, import prices provide the best forecast of inflation. As seen in Chart I, the percent growth in U.S. non-fuel import prices forecast U.S. core CPI. Since U.S. inflation is measured by year over year growth, the low registered in the 2nd quarter of 2020 provides a…

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Credit Unions are a Growing Force with Increasing Risk

Credit unions have grown to become a major factor in the U.S. economy, with assets that have grown at nearly twice the pace of banks’ over the past decade.1 Credit unions are owned by their members and are designed to offer lower borrowing costs and higher deposit rates. In addition, the…

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