DALLAS— Current market themes affecting financial institutions in 2024 were a key topic of discussion during the first day of ALM First’s Financial Institute here.
The event, being held this week at The Ritz-Carlton Dallas, Las Colinas, provided an Economic Overview tailored specifically to financial institutions, according to ALM First.
ALM First’s Chief Investment Officer Jason Haley told the meeting that from interest rate volatility driven by market speculation on when the Fed may pivot to the erosion of excess household liquidity via consumption and inflation, challenges remain for depositories this year and disciplined asset pricing will be critical to combat ongoing profitability headwinds.
“We’re not off the roller coaster yet as markets price for rate cuts that may or may not materialize in June, July, or even in 2024 at all,” Haley told the group. Haley also updated attendees on key industry trends, including increasing credit costs, declining profitability, the overall rising cost of funds, changing funding dynamics, and increased hedging activity.
Additional Sessions
Other general sessions included depository trends, regulatory priorities in 2024, and merger and acquisition trends and opportunities, before attendees broke off into their chosen learning tracks. The learning tracks include board, fundamental, and funds management.
ALM First reported this year’s event attracted a record-setting 210 attendees.
For additional info on other events: www.almfirst.com.
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