Happy Holidays!
All locations will close early on Christmas Eve, December 24, at 2 PM (Our Jordan Creek branch in Des Moines, IA, will close at 1 PM, as usual.). We will be closed on Christmas Day (December 25) and will resume normal business hours on December 26. As always, online and mobile banking are available 24/7 for your convenience.
Security National Bank private client services team forecasts that The United States (U.S.) will avoid a recession this year; inflation will briefly touch 2.0% before returning to a long-term average of 2.8%. We expect the Federal Funds Target Rate (FFR) to stay at 5.5% through mid-year before a series of rate cuts return it to the neutral level of 3.5% in 2025. The yield curve will remain inverted until the FRB begins easing. We expect the 10-year Treasury to hover around 4.2% for most of the year before ending at 4.5%. We expect earnings for the Standard and Poor (S&P) 500 to post modest growth for several years.
