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.
Anticipated average tariff rates are lower, leading to faster growth. Lower energy costs will help tamp down inflation, offsetting some of the negative impact of the tariffs. We expect two rate cuts this year, followed by one additional cut next year. We expect the 10-year Treasury to finish 2025 at 4.5%. Inflation, economic growth, and interest rates are expected to remain near neutral levels next year. Next year promises to be a reasonably balanced year economically.
