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28Mar2019

Mortgage Rates Drop After Fed Announcement

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** The Fed has given the market what it wanted – it’s ending balance sheet reduction in September. A key announcement was made on Wednesday by the central bank revealing the Federal Reserve’s program to reduce the bonds it holds on its balance sheet to end in
  • 28 Mar, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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21Mar2019

Our Current Economy: Jobs, Jobs, Jobs

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC ***   According to the Bureau of Labors and Statistics Friday report, job vacancies in the U.S. rose to a new high of 7.6 million in January as employers continue to search for qualified applicants to fill positions. In comparison, the Job Openings and Labor Turnover Survey
  • 21 Mar, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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14Mar2019

February Job Growth Stalls

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC ***   Despite job growth stalling in February, experts are still optimistic about America’s economy. February’s job growth slowed to just 20,000 payrolls added – significantly less than the 311,000 added the previous month. January’s job growth numbers were just a highlight of the bigger economic picture.
  • 14 Mar, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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05Mar2019

March Market Should Get Answers

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** Even though U.S. stocks declined at the end of the day, investors are closer to getting highly anticipated answers to long-standing questions. Monday’s drop in the major U.S. equity indices comes following the Dow’s first weekly decline in 2019. The S&P 500 fell 0.39 percent as
  • 5 Mar, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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26Feb2019

Fed Mandated To Answer For Interest Rates

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** Americans should get some answers soon about the future of interest rates. Fed Chairman, Jerome Powell heads to Capitol Hill this week for his congressionally mandated testimony before House and Senate committees. Wall Street is hoping Powell eases market fears and conveys the Federal Reserve’s intentions
  • 26 Feb, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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19Feb2019

The U.S. is Experiencing a Consumer-Driven Market

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** Consumers are driving the U.S. economy and still have their foot on the pedal. Rapid hiring and the lowest unemployment in several generations are boosting wages and making Americans better off financially. Recent data shows the U.S. economy has produced record job openings with an outstanding
  • 19 Feb, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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14Feb2019

Wall Street is Booming Despite First Quarter Warning

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** Even though Wall Street is booming, company earnings could soon take a slight downward turn. Profits rose more than 20 percent in the first half of 2018 with lower corporate taxes encouraging growth which helped fuel the market. Stocks are climbing so far this year due
  • 14 Feb, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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12Feb2019

The Market’s Mixed Monday

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** Stocks were mixed at closing Monday as Wall Street looks ahead to the reassumption of U.S. – China trade talks this week. The U.S. stock market started the week opening slightly higher with trade talks overshadowing fears of a global economic slowdown. At the beginning of
  • 12 Feb, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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31Jan2019

Government Shutdown Estimated to Cost $3 Billion

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** The longest U.S. government shutdown in history is expected to cost America $3 billion. Monday’s Congressional Budget Office (CBO) report is projecting an overall $11 billion shutdown price-tag with $8 billion being made up in economic activity as back pay goes out to federal workers. The
  • 31 Jan, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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29Jan2019

Federal Reserve To Be Patient in 2019

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** After a year of interest rate increases, the Federal Reserve is looking to be more “patient” in 2019. Following four key interest rate hikes in 2018, Federal Reserve Chairman Jerome Powell has said the central bank will be cautious as it weighs future interest rate hikes
  • 29 Jan, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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