FOMC July 2019 Press Release Language Change

FOMC cut rates by 25bp and stopped shrinking its balance sheet 2 months earlier than scheduled. The market was hoping for more cuts and more clarity in the policy path going forward from Chair Powell...


ECB Press Conference July 25, 2019 - What Has Changed?

Summary Keep ECB interest rates unchanged and expect them to remain at their present or lower levels at least through Q2 of 2020. (unchanged) Intends to continue reinvesting, in full, the principal...


Philip Chao in Investment News Article " LPL Partners with Nationwide on 401(k) Training for Bank Channel Advisers”

The brokerage hopes to capture more retirement plan clients and push assets into its small-market 401(k) product Click here to read the full article.


Philip Chao is Interviewed by Allianz Global Investors

AllianzGI is a global investment company and has developed and dedicated a section on its website to help RIAs – the RIA Exchange. Philip Chao was recently interviewed at AGI’s headquarters in New...


FOMC June 2019 Press Release Language Change

As expected, FOMC members held rates unchanged.  The U.S. economy remains solid (jobs and GDP) and especially so when compared to the rest of the world.  After a strong first quarter and a good...


ECB Press Conference June 6, 2019 - What has changed?

Summary  ·       Keep ECB interest rates unchanged and expect to remain so at least through the summer of 2019. (unchanged) ·       ECB expects to remain at their present interest...


Philip Chao is Quoted in the Financial Advisor (FA) Magazine on BlackRock & Microsoft Partnering on Workplace Platform and Guaranteed Income Products

Do annuities and 401(k) plans mix?  The answer appears to be yes if you look at the recently passed retirement bill by the House.  This article from FA Magazine quoted many industry folks and...


Philip Chao in Investment News Article "Cross-Selling Poised To Be Next 401(k) Battleground Issue"

Personal data is an asset.  It seems obvious as to its ownership, but it's complicated. When you dig into it, the ownership line is blurry.  From Amazon, Facebook, Google, to your recordkeeper and...


FOMC May 2019 Press Release Language Change

The two-day regular FOMC meeting ended on May 1 without any surprises.  Even though the FOMC held the rates steady, Chair Powell’s press conference did not signal a rate cut any time soon. The...


Behind the Headline - Above Trend 2019Q1 GDP (advance)

The advance estimate for first quarter real GDP came in at 3.2% and surprised on the upside. This is above the consensus estimate by market participants.  The two federal reserve bank nowcast models...