DOYLESTOWN, Pa. (February 18, 2019) – The U.S. economy should be able to grow at a steady pace in 2019, as long as interest rates do not tighten much further.
That was the message from Penn Community Bank Treasurer Dorothy Jaworski during a presentation Feb. 13 to the Eastern Montgomery County Chamber of Commerce. Speaking at the chamber’s annual Economic Forum and luncheon, Jaworski shared the data and economic indices that she tracks in order to make observations about what might lie ahead for the economy in Bucks and Montgomery Counties and the United States as a whole.
“Our business customers rely upon us for sound, up-to-the-minute financial advice, and monitoring the movements of the markets and interest rates is an important part of that” said Jaworski. “We track a wide variety of economic data, so we can continue to make the smart financial decisions that have enabled Penn Community Bank to remain southeast Pennsylvania’s leading mutual financial institution.”
Among Jaworski’s predictions for the first quarter of 2019: no additional interest rate hikes by the Federal Reserve; continued “normal” slow growth in Gross Domestic Product of 2% to 2.5%; inflation that hovers around the Fed target of 2%.
Click here to read Jaworski’s first quarter economic newsletter.*
In her role as Director of Treasury and Risk Management at Penn Community Bank, Jaworski manages the bank’s assets and liabilities, oversees its investment portfolio, and is responsible for enterprise risk management and more. A Senior Vice President, she has served in the financial industry for more than 40 years. Jaworski received an undergraduate degree from West Chester University and earned a master’s degree in finance from Temple University. She lives in Collegeville.
*This publication is provided to you solely for educational and entertainment purposes. The information contained herein is based on sources believed to be reliable, but is not represented to be complete and its accuracy is not guaranteed. The opinions, views, and estimates expressed are those of the author at this date and are subject to change without notice. The author cannot provide investment advice but welcomes all of your comments. Investment advisors of Penn Investment Advisors, Inc., a wholly owned subsidiary of Penn Community Bank, can offer investment advice regarding a broad range of securities to clients.
About Penn Community: Penn Community Bank holds more than $2 billion in assets, employs more than 300 people, and offers banking, lending, insurance and investments at 25 bank branches and two administrative centers throughout Bucks and Montgomery Counties, Pennsylvania. As an independent, mutual financial institution, Penn Community Bank is not publicly traded and operates with its long-term mission in mind: to help businesses grow and prosper, to provide financial resources to individuals and families throughout their lifetimes, to strengthen the local economy, and to partner with local organizations to act as a catalyst for positive growth in every market it serves