“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.
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