Richard Moody Chief Economist at Regions Financial Corporation brought to our attention that the Fed keeps giving us clues about a rate hike that never happens. We all know how important credibility is in business so I’m wondering how much longer we should even bother trying to interpret their oblique messages?
Of course, that will all change if they just raise rates.
We believe that the following rates applied to the mortality scale MP 2015 will give you a pretty good indication of the price of a group annuity contract. Use the smaller rate for small contracts.