Strong U.S. Productivity and Consumer Activity Despite Global Uncertainty
02/06/2025
In 2024, global GDP grew 3.1%, driven by easing inflation and higher household incomes, with central banks adopting accommodative policies. The S&P 500 surged 31%, fueled by strong economic fundamentals and investor optimism. Looking to 2025, the OECD projects 3.2% global GDP growth, with continued disinflation and stronger private sector confidence. U.S. growth is expected at 2.5%, with inflation near 2% and gradual interest rate cuts. Financial services and energy sectors are poised to perform well under the new administration. Risks include potential U.S. tariffs and China's weak consumer sentiment, which could affect global trade and European economies.
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Clyde Clark Receives Leadership Award.
02/05/2025
We're proud to announce that Clyde Clark, our Hampton Roads Senior Relationship Manager, is a 2025 Virginia Black Business Leader Awards Winner! This award is presented by Virginia Business Magazine and considers factors such as career achievement, community impact and mentorship.
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Announcing Our Final BRB Jackpot Savings Account Grand Prize Winner
01/27/2025
Denita Gray has been named the final BRB Jackpot Savings Account grand prize winner of $100,000 in January at our Luray Branch. In 2024, Blue Ridge Bank made the decision to discontinue this account to put a greater focus on the bank's additional core banking products.
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Should Your Estate Have an Independent Trustee?
07/22/2024
Tony Bennett was an American jazz and pop singer who has won countless Grammys and other awards. After Tony Bennett passed away in 2023, his son Danny became the trustee of his estate. Unfortunately, this caused more problems than Tony could have imagined. How would a BRB trust advisor address this situation?
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The Fed's Looming Rate Cuts Present Opportunities for Investors
10/01/2024
Economic forecasters are in consensus that in September 2024, the Federal Reserve has begun its long-anticipated series of rate cuts to end their cycle of tackling inflation. This decision marks a pivotal moment in our nation's monetary policy, signaling a stable economic environment amid global uncertainties. This series of rate cuts, expected to continue well into 2025, is significant for several reasons. Learn more in this blog post.
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