ABA Banking Journal

The U.S. economy will continue to expand, with growth in 2017 forecast to reach 2.1 percent, the ABA Economic Advisory Committee said last week. They added that growth could be stronger depending upon the magnitude and timing of any fiscal stimulus. (ABA Banking Journal)

Visit http://bankingjournal.aba.com/2017/01/bank-economists-tighter-labor-market-will-drive-wage-growth/ to view the full article online.

Presidential reputations rise or fall with gross domestic product. The state of the economy can determine if presidents are re-elected, and it shapes historical memory of their success or failure. But the reality is that presidents have far less control over the economy than you might imagine. Presidential economic records are highly dependent on the dumb luck of where the nation is in the economic cycle. (New York Times)

Visit https://www.nytimes.com/2017/01/17/upshot/presidents-have-less-power-over-the-economy-than-you-might-think.html to view the full article online.

The robo-advice landscape has seen rapid growth over the past two years—just under 60 percent of the digital advisory companies currently in existence were founded since 2014, and that trend isn’t likely to slow down, as consumers continue to gravitate toward easy-to-access, digital financial management tools that they can take advantage of on their own terms. (ABA Banking Journal)

Visit http://bankingjournal.aba.com/2016/12/of-investments-and-algorithms/ to view the full article online.

Young people can face a lot of challenges when it comes to buying their first home—and that list may be growing. A house can seem far-fetched for someone struggling with student loans, rising rental costs and growing child-care expenses. But recent data from the real estate website Trulia found that people buying starter homes, or those in the bottom third of home values for their market, can also have a harder time closing on their mortgages or finding a home they can afford. (Washington Post)

Visit https://www.washingtonpost.com/news/get-there/wp/2017/01/13/three-ways-its-becoming-harder-for-millennials-to-buy-homes to view the full article online.