Frustrated Fed calls out consumers for saving too much

<i>Breakfast with Benjamin:</i> The Fed now says consumers are saving too much. Plus: SEC reforms add risk to money market funds; considering a worst-case-scenario for economic growth; what Eric Cantor brings to Wall Street; and another case for long-short equity investing.

SEP 26, 2014

By Jeff Benjamin

When all else fails, blame the consumer. Six years into one of the most aggressive monetary programs in U.S. history, the Fed is now pointing to consumer saving habits as the cause of the stubbornly-low inflation. Banks aren't the only ones sitting on piles of cash
The SEC's money market fund reforms will introduce a new set of headaches for 401(k) plan sponsors. Dealing with a floating net asset value. When money market funds are deemed too risky for company retirement plans
What if demand for goods and services never returns to pre-2008 levels? An honest assessment of what is keeping the U.S. economy down. The educational attainment of the U.S. workforce has plateaued
Eric Cantor's move to Wall Street. What exactly is the boutique investment bank hoping to gain by hiring the former House majority leader? No wonder the electorate is so cynical
Another argument for long-short equity investing. How the movement out of fixed income is making everything more volatile

GTCR to acquire FMG Suite, expanding its wealth tech portfolio

The private equity giant will support the advisor tech marketing firm in boosting its AI capabilities and scaling its enterprise relationships.

$29B Lido Advisors expands in Utah with Olympus Wealth Management

The privately backed RIA's newest partner firm brings $850 million in assets while giving it a new foothold in the Salt Lake City region.

Annuities hit new $223B high in H1 2025, LIMRA says

The latest preliminary data show $117 billion in second-quarter sales, but hints of a slowdown are emerging.

AssetMark taps former Envestnet RIA leader for new Charlotte hub

The $139 billion TAMP has hired industry veteran Phil Rogerson, unveils $10 million commitment for strategic expansion in North Carolina.

Alaris Acquisitions CEO: AI-driven staff reductions could boost RIA valuations

CEO Allen Darby sees a coming shift in M&A dynamics as AI eliminates clerical roles at RIAs, leaving buyers and sellers to negotiate who benefits from the added margin.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.

Frustrated Fed calls out consumers for saving too much

Latest News

Newsletters

SUBSCRIBE

Subscribe for just $19.99 per month.