Featured Market Data: New Fed Policy Addresses Low Inflation
Faced with lower current inflation and inflation expectations, the Federal Reserve announced changes to its monetary policy strategy in August. This shift in policy lessens the Fed’s practice of preemptively raising rates to avoid higher inflation and will likely lead to lower rates for longer.
Naperville, Ill. – June 26, 2020 – PMA Asset Management, a growing SEC registered investment advisor offering investment advisory services to government entities, insurance companies and other institutional investors, achieved a significant milestone by surpassing $10 billion in Assets Under Management (AUM). As of May 31, 2020, PMA managed over $10.5 billion in AUM for its 152 clients.