On this day 20 years ago, Legacy Private Trust Company was approved to open for business. Thank you to all of our clients, staff, and partners who have become an integral part of the Legacy family. Please join us in celebrating two decades of success and innovation. #20 #Legacy
Check out Legacy's October 2022 Economic and Financial Digest for more information about the potential impending recession: https://t.co/eKLEgJuZ8u. With inflation and interest rates at the top of everyone's mind, we can't help but wonder - is a crash ahead?
Happy Halloween! While the holiday might be scary, wealth management with us is not. Visit our website at https://t.co/TOdsPOWOS6 to see why we believe in treats when it comes to your finances instead of tricks. #Halloween#TrickorTreat#financialplanning#wealthmanagement
Legacy team members Olivia Will, Candy Thurs, Lucy Will, and Jeri Barry attended @ExpInbound, Wisconsin's premier marketing, and sales conference yesterday at @LambeauField. The team spent the day continuing their education on current marketing trends, tools, and strategies.
Although the Covid recession ended two years ago and the U.S. economy embarked on a remarkably strong recovery, many market prognosticators are sounding alarms that a recession is just around the corner. View the full article: https://t.co/GyqKgpHqNi
Chart Check: Rising interest rates have impacted the global bond markets. The recent increase in bond yields around the world has decreased the value of investment-grade bonds by more than $7 trillion since the beginning of 2022. #LegacyPrivateTrustCompany#LegacyChartCheck
There has been nowhere to hide in 2022. The markets are down, the purchasing power of cash has eroded, and even gold is in the negatives. Where do we go from here? Read the full article by Connor R O'Brien, CFA on the Legacy Private Trust Company website: https://t.co/eMs8ZTE6lc
Legacy Private Trust Company recently announced the appointment of Marissa Behrens Downs to its Board of Directors. To read the full press release, visit our website: https://t.co/oL2KsTGT2e.
As expected, the Federal Reserve raised the federal funds rate by 50bp to 0.75-1.00% (blue), and announced a plan to begin shrinking its $9T balance sheet in June (green). This was the first 50bp hike in 22 years, and comes on the heels of a -1.7% Q1 GDP print last week.
Recent interest rate policy differences between the US Federal Reserve and the Bank of Japan have begun to manifest in the currency markets. The dollar has strengthened by nearly 30% in the last 16 months relative to the Yen and is now approaching levels last seen in 2002.