“Ameriprise Celebrates Fed Interest Rate Increases”

“Ameriprise Celebrates Fed Interest Rate Increases,” by Allison Bell, ThinkAdvisor

 

Quote:

“[Ameriprise Financial CEO Jim Cracchiolo] predicted that Fed efforts to increase short-term rates will lead to a meaningful increase in earnings. He suggested that higher rates could make unwanted blocks of annuity and long-term care insurance business easier to sell.”

 

 

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

Don’t count on the Fed. It created the interest rate problem in the first place and will likely plunge the economy back into it sooner rather than later.