Is the longest expansion in American history about to expire? A time-honored financial indicator recently sparked more interest in that question, but concerns over the economy’s direction had been growing for several months. True, the headline data suggest there is little to worry about. After staging a deceptively strong 3.1 percent growth rate in the first quarter, gross domestic product slowed to a still-respectable 2.1 percent annual rate in the April-June period. Most private forecasters expected the economy to downshift from the vigorous pace seen in 2018, which was stoked by tax cuts and increased government spending. That fiscal thrust is now waning and will provide even less, if any, support next year. But until fairly recently it was widely believed that the economy could sustain growth in the neighborhood of 2.0 percent or so through at least next year, which would be consistent with the nation’s growth potential. September 2019 Economic and Financial Digest

The Power of Tokenization: Protecting Your Financial Transactions
Banks have always prioritized their customers’ security. With the rise of digital transactions and online shopping, ensuring this security has become more critical than ever.