MILLENNIUM CORPORATE 2025 ANNUAL MEETING LEARN MORE
CU BUSINESS GROUP Business Lending BOOTCAMP LEARN MORE VIRTUAL August 2024 & October 2024 IN-PERSON December 2024 in Portland, OR

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Weekly Economic Commentary  Monthly Economic & Financial Digest

News & Events

Happy Thanksgiving!

Millennium Corporate offices will close for Thanksgiving, Thursday, November 28, 2024.

Federal Reserve Issues FOMC Statement | November 7, 2024

Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Read more...

Kansas City Awaits You for the 2025 Annual Meeting!

Join Millennium Corporate May 7-9, 2025, in Kansas City! 

Another CUBG Business Lending Bootcamp!

CU Business Group is hosting more Business Lending Bootcamps (virtual and in-person)! 

Federal Reserve Financial Services Eliminating Offline Access To The FedWire Funds Service

On September 14, 2023, the Federal Reserve Financial Services (FRFS) announced they are eliminating offline access to the Fedwire Funds Service as of December 31, 2024. So, what now?

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Rates & Commentary

Key Rates
Fed Funds Effective 4.580%
1 Month Libor 4.960%
Secured Overnight Financing Rate (SOFR) 4.570%
Sterling Overnight Index Average (SONIA) 4.700%
Dow Jones Industrial Average (DJIA) 43,135
Millennium Rates
Managed Liquidity
  Tier 1 | $100,000 - $499,999.99 4.50%
  Tier 2 | $500,000 - $9,999,999.99 4.65%
  Tier 3 | $10,000,000 and up 4.75%
Cash Management 1.00%
Perpetual Contributed Capital – Previous Month 6.00%
Overnight Loan Rate 5.25%

Daily Commentary

November 20, 2024

US stocks fell as traders digested the latest Ukraine-Russia tensions while the dollar climbed.

Full Commentary