IMPORTANT NOTICE :
NEVER trust wiring or ACH instructions sent via email. ALWAYS confirm with the sender by phone or in-person. Cyber criminals are hacking email accounts and sending emails with fake wiring instructions. These emails are convincing, sophisticated, and often appear to come from someone you know or work with. Always independently confirm wiring or ACH instructions in-person or via a telephone call to a trusted and verified phone number. NEVER wire or ACH money without double-checking that the wiring or ACH instructions are correct.
The Weekly Economic & Market Recap
May 24, 2019
As the tensions between China and the U.S. simmer, both sides are looking beyond tariffs to inflict greater economic pain on their opposition. One idea that has surfaced in the past few weeks revolves around China selling a substantial portion of its massive $1.12 trillion U.S. Treasury hoard. The risk to the U.S. resides in the fact that a massive budget shortfall has caused Treasury issuance to surge and if China further adds to the supply by selling its Treasuries it could cause U.S. borrowing costs to rise. A rise in Treasury yields would crowd out government spending in other areas of the economy and negatively impact growth.
Click below to listen to this week's Peapack Private Wealth Management Market Report as heard on WCBS NewsRadio 880.