The Broadcast
Curinos Perspective
Each Curinos Perspective explains not only what’s happening but also why it’s important – information that financial professionals can use to fill in knowledge gaps and improve business performance.
Curinos Perspective: The Fed Goes Big
Earlier this week, the FOMC cut the Federal Funds target rate by a decisive 50 basis points to a range of 4.75% to 5%. The change is welcome news for financial institutions in light of the rate’s extended plateau that elevated funding costs and seriously eroded profitability.
But bringing down deposit rates and achieving anywhere near a full home-lending recovery will take time, so financial institutions need to prepare now. Read Curinos' experts full analysis of the Fed's rate cut:
According To The Data
Concise, visual and insightful – each According To The Data post offers timely and relevant information to keep you informed about key industry trends and help you make better business decisions.
Rates Are Falling, And CDs Are Already Leading The Way
Curinos data shows that as of July 2024, 56% of traditional banking institutions had already reduced their CD portfolio rates ahead of any move by the Fed. A third of them had reduced their portfolio rates on savings.
The down-pricing trend is a harbinger of more aggressive rate cuts to come, but that could pressure CD retention and acquisition volumes
Curinos Events
There's still time to register for our upcoming webinars!
How To Optimize Down-Pricing In A Falling Rate Environment
Bringing down rates following a a Fed cut comes with tactical challenges and opportunities. Join us next Tuesday, Sept. 24, for our webinar hosted in partnership with the?Consumer Bankers Association ?as we outline specific strategies for optimizing beta pass-through.
?? Tuesday, Sept. 24
??2:00 p.m. ET
?? Register Now
*REGISTER FOR FREE WITH CODE CURINOS924
Consumer Lending In Transition: The Impact Of Falling Rates
Will softening rates create a transition in the market and reducing interchangeability between home equity and unsecured lending? Join us on Thursday, Oct. 17 for a review of the current state of the market and what's coming in the months ahead based on proprietary Curinos data and insights.
?? Thursday, Oct. 17
??1:00 p.m. ET
?? Register Now
Data Management Summit New York City
Curinos is headed to the leading financial data management conference for sell side and buy side executives in capital markets! Don't miss the panel discussion, "Best practice approaches to self service analytics to empower users and unlock data democratization", featuring Curinos' senior vice president Amin Zaman.
?? Sept. 26
?? Convene, New York City, NY
ACUMA's 2024 Make Your Mark Annual Conference
Join Curinos'?senior vice president of retail lending Richard Martin as he delivers the keynote address at the largest gathering of credit union mortgage lenders in the United States! Plus, don't miss Curinos' senior manager of retail lending Ken Flaherty 's Oct. 1 session, "Unlocking Wealth: Navigating Home Equity Vs. Mortgage Lending For Maximum Opportunity."
?? Sept. 29 - Oct. 2
?? Bellagio Hotel, Las Vegas, NV
?? Register Now
CFO-Friendly Ways to Right-Sizing Your Institution’s Marketing Investment
Join Curinos' head of channels Brandon Larson and managing director Sarah Welch at the ABA Bank Marketing Conference and mark your calendar for their Oct. 8 session where they'll share practical insights that will help marketers make the economic case for increased investment.
??? ABA Bank Marketing Conference
?? Oct. 6 - 8
?? Hyatt Regency, Chicago, IL
?? Register Now
Who is Curinos? Curinos is the leading provider of data, technologies and insights that enable financial institutions to make better, and more profitable data-driven decisions faster. Learn more about us at curinos.com .