03/28/2005

Inflation -- It's Baa-ack!

Hello:

The Fed raised interest rates 1/4% last week as expected. Federal Open Market Committee (FOMC) comments issued last week possibly were indicative of an increased awareness of inflation citing that "pressures on inflation have picked up in recent months". This may have been an important factor in last week's market adjustment.

Are your donors sitting on the fence, hoping that gift annuity rates might increase? Perhaps they should consider giving your organization 1/4 of their annual gift every quarter so that they do not miss out on the opportunity to support your organization's mission starting now!

Terri G. Millson, CIMC President

Ray Dicius, CSA, GEPC LPL Branch Manager