Fed Maintains Policy Rate, Becomes Increasingly Dovish About Future Rate Hikes
As expected, the Federal Reserve is no longer in any rush to raise rates, and the Federal Open Market Committee voted to maintain its target rate range at 2.25%-2.5% in its first official meeting of 2019. The vote was unanimous. There were more drastic changes in the language of the current release compared with the last release. First, the Fed removed language regarding future rate hikes being consistent with its goals, and instead simply said that it views an accomplishment of its goals as the...Cullen/Frost Bankers is a financial holding company and a bank holding company. Through its subsidiaries, the company provides a range of products and services throughout various Texas markets. The company provides commercial and consumer banking services, as well as trust and investment management, insurance, brokerage, mutual funds, leasing, treasury management, capital markets advisory and item processing services. The company serves a variety of industries including, among others, energy, manufacturing, services, construction, retail, telecommunications, healthcare, military and transportation. The company's reportable operating segments are: Banking and Frost Wealth Advisors.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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