Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 16th, 2016
Clarksville, TN – The important economic data reports were bunched up on Friday. December retail sales results were somewhat disappointing. Industrial production was weighed down by mild temperatures (lower output of utilities) and a further contraction in energy exploration.
Manufacturing output edged down modestly, mixed across sectors, but generally soft over the last several months. The New York Fed’s Empire State Manufacturing Index fell sharply in January.
Frazier Allen
Goble & Yow, Law Firm opens in Downtown Clarksville
Clarksville, TN – The “Goble & Yow Law Firm” has formed in downtown Clarksville, Tennessee, located at 215 Franklin Street.
Formerly Goble Law Firm, attorneys Andrea Rawlings Goble and Eric J. Yow have partnered together to provide legal services to an even more expansive and diverse clientele.
Goble & Yow Law Firm
Altra Federal Credit Union to hold Small Business Connect Seminar on January 26th, 2016
Clarksville, TN – An educational seminar focusing on small business finance basics will be held on Tuesday, January 26th at 5:30pm to 7:00pm at Miss Lucille’s Café 2231-L Madison Street, Clarksville, TN 37043.
The Small Business Connect Seminar is a no-cost, no-obligation event hosted by Altra Federal Credit Union. The event is open to small business owners and Altra membership is not required.
Small Business Connect Seminar to be held at Miss Lucille’s Café by Altra Federal Credit Union on January 26th, 2016.
Frazier Allen lists 12 Resolutions for 2016
Start the New Year right by reviewing and revamping your financial plan.
Clarksville, TN – Instead of hauling out those familiar New Year’s resolutions about eating less and exercising more, how about focusing on something that’s also very good for you in the long run- and even sooner? We’re talking about your financial plan – your fiscal health, if you will.
The approach of 2016 is a great time to review your plan and make whatever revisions might be indicated. With that in mind, here are 12 suggested resolutions that, if followed, will go a long ways toward helping to ensure that your later years will be financially secure.
Frazier Allen
Brad Barrett Named F&M Bank Director
Clarksville, TN – Brad Barrett, former president of The Tennessee Bankers Association (TBA), has been named to the F&M Bank Board of Directors, according to Sammy Stuard, president and CEO.
“Brad brings a wealth of banking knowledge to F&M and his over 20 years of leadership at the helm of the TBA will contribute greatly as we seek new opportunities for growth across Middle Tennessee,” commented Stuard.
Following F&M’s recent sale to Nashville-area businessman Gaylon Lawrence Jr., Barrett joins the bank at an exciting time. Lawrence’s ownership of Middle Tennessee’s eighth largest bank will increase the bank’s capital and further position F&M for continued growth.
F&M Bank’s Brad Barrett
Altra Federal Credit Union Half-Court Shot for APSU Tuition on January 23rd, 2016
Clarksville, TN – Altra Federal Credit Union will offer one Austin Peay State University student the opportunity to win one year’s tuition up to $15,000 at half-time of the APSU men’s basketball game on Saturday, January 23rd at the Winfield Dunn Center.
APSU students may enter the contest January 1st through January 23rd at either of Altra’s two locations in Clarksville located at 1600 Madison Street or 2625 Wilma Rudolph Boulevard.
Austin Peay State University Dunn Center. (APSU Sports Information)
Clarksville Area Chamber of Commerce to hold Mayors’ Power Breakfast January 14th, 2016
Clarksville, TN – The Clarksville Area Chamber of Commerce will host the annual Mayors’ Power Breakfast at the Riverview Inn on January 14th at 7:30am.
During this popular event, both Montgomery County Mayor Jim Durrett and City of Clarksville Mayor Kim McMillan will share their accomplishments of the past year and their goals for 2016. [Read more]
Altra Federal Credit Union hosts Financial Aid Night on January 26th, 2016
Clarksville, TN – Altra Federal Credit Union will host a free Financial Aid Night for High School Juniors, Seniors and parents on Tuesday, January 26th at 6:00pm at the Clarksville-Montgomery County Public Library located at 350 Pageant Lane.
“Our Financial Aid seminars are offered to families to learn the basics of the FAFSA application, discuss possible grants and scholarships, and help answer questions that students or parents may have about the Financial Aid process,” says Danielle Anderson, Youth Coordinator for Altra Federal Credit Union.
Altra Federal Credit Union to host Financial Aid Night on January 26th, 2016 at the Clarksville-Montgomery County Public Library
Clarksville Weekly Market Snapshot from Frazier Allen for the week of December 13th, 2015
Clarksville, TN – The economic calendar was thin. The headline retail sales figures for November were not far from expectations, but core sales (which exclude autos, building materials and gasoline) were up 0.6% (stronger than anticipated). The Producer Price Index continued to reflect disinflation pressure, with falling prices within the pipeline.
Commodity prices fell further, led by a drop in oil (now below the critical $40.00 level). Anxieties about the decline in commodity prices fed through to the stock market, which fell broadly during the week and cast some doubt about the Fed’s ability to raise rates next week (still likely, but increased financial instability could lead to a delay).
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of December 6th, 2015
Clarksville, TN – Fed Chair Janet Yellen did not commit to raising rates in December, but she continued to lay the groundwork for an initial hike. She noted that with interest rates close to zero, the consequence of raising rates too soon or too late is not symmetric, which suggests that the Fed should be cautious as it prepares to tighten monetary policy.
However, she also noted that monetary policy affects the economy with a lag, and waiting too long raises risks for the economy and for financial stability.
Frazier Allen
