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Horizon representative briefs trustees on economy, short-term yields and CD rates
Summary
A representative from Horizon reviewed recent national indicators (a reported 4.2% quarterly GDP figure), upcoming CPI data, and recommended considering 2'3- and 4'5-year CDs at roughly 3.85% and 3.95% for clients who can lock funds longer. Trustees asked clarifying questions about CPI and credit spreads.
A Horizon representative (identified in the meeting as Lon) gave the Michigan City Board of Cemetery Trustees an economic update at the Feb. 12 meeting, focusing on macro indicators and implications for the board's invested funds.
Lon cited a quarterly GDP estimate near 4.2% and said forecasts for 2026 ranged between about 2% and 2.5%. He noted…
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