Freedom Capital Group's John Meany will be speaking at the National Conference of Postal Credit Unions (NCPCU) on April 13th in Jacksonville, FL. His session, "The Economy: Where We Are and Where Are We Going?", couldn't come at a more critical time.
The U.S. economy is at an inflection point. The Iran war and the closure of the Strait of Hormuz have triggered the largest energy supply disruption in the history of the global oil market, according to the IEA. Brent crude surged more than 60% in March, gas prices have crossed $4 a gallon, and the IEA has warned that April will be significantly worse as strategic reserve releases begin to run dry. At the same time, the Fed is holding rates steady at 3.50%–3.75% with only one cut projected for the rest of the year, and inflation is still being threatened by the massive oil shock.
For credit union leaders, understanding where the economy goes from here isn't academic, it directly impacts lending decisions, balance sheet strategy, and the financial wellbeing of members who are feeling the squeeze at the pump and in their monthly budgets.
John will be breaking down these forces and what credit union leaders should be watching in the months ahead. If you're attending NCPCU, don't miss it.
Sources: Bloomberg, CNBC, CBO, Federal Reserve
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