Stocks go up, stocks go down. Interest rates change, housing and job trends ebb and flow. How do you keep up with the markets and economy? With resources from Vizo Financial, of course! The Corporate offers weekly and monthly market commentaries, as well as an FOMC Update video after every meeting, to keep your credit union apprised of the current economic and market trends. Read the latest now!
In our latest FOMC Update, Tim Sustak, SVP/chief treasury officer for Vizo Financial, delivers the results from the June 16-17, 2026, Federal Open Market Committee (FOMC) meeting in our FOMC Update.
On June 17, Kevin Warsh concluded his first rate-setting meeting as chair of the Federal Reserve, replacing Jerome Powell, who remains a board member of the Fed. Folks who expected fireworks were disappointed. Although appointed by a president who loudly believes that interest rates should be cut immediately if not sooner, Warsh astutely read the room and recognized that any attempt to push through rate cuts would have been thoroughly outvoted by other voting members of the committee. That would have been the first time a Fed chairman had been overruled by colleagues since 1938, when then-chair Mariner Eccles was at the helm.
The figures are not in yet, but if current trends continue, it looks like the economy will stage another impressive growth rate in the second quarter, following the sturdy two percent increase in the first. Not only is the headline impressive, but the main growth engine is also chugging along. Consumers are keeping their wallets open, and unemployment remains near historically low levels of just over four percent.