Eric Kelley | Source | EVP, Chief Investment Officer at UMB Bank
Eric Kelley
Eric Kelley serves as UMB’s chief investment officer (CIO). As CIO, Kelley will oversee the company’s private wealth management investment team, including the newly created portfolio construction team, which identifies personalized investment opportunities for clients. With Kelley’s direction, the investment team will continue to elevate its offerings providing new investment opportunities, such as private investments, for clients.
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UMB Bank
EVP, Chief Investment Officer
started Mar 1995
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Does An Inverted Yield Curve Always Predict A Recession?
An anomaly in the bond market spooked the stock markets resulting in the biggest drop in the Dow Jones Industrial Average this year. Is this an omen or an opportunity?
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Lower Interest Rates: What Retirees Need to Know
Eric says, "Lower rates reduce retirees' income streams from savings and fixed-income investments like CDs and municipal bonds. While lower rates can boost corporate earnings and stock markets, retirees should generally stick to their long-term plans unless rates drop dramatically." -
Fed Policies Directly Impact Credit Card Rates, Says UMB Bank Expert
Eric says, "The Fed Funds Rate is the benchmark for most lending rates, including credit cards. As the economy cools, the Fed is expected to cut rates, leading to lower credit card APRs." He advises consumers to minimize balances and shop for the lowest APRs. Most credit cards are variable-rate, adjusting with the Prime Rate.
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The inversion between the 2-year and 10-year Treasury occurred only momentarily. It needs to stick for a few weeks before it’s a true inversion.
