It's the end of the LIBOR era. Are you prepared for SOFR? 

It's time to give up any outside hopes that the LIBOR transition will be prolonged, delayed, cancelled, or that there may be some form of “zombie LIBOR” that will continue LIBOR availability indefinitely. This is not a regulatory change; it is a broad market change. And it has already been put in motion. Don't get left behind.

Are you prepared?

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The Fed Turns More Hawkish

The Federal Open Market Committee (“FOMC”) met Wednesday and left the federal funds rate target unchanged in its 0% - 0.25% range, as was expected. However, in a more conservative (or hawkish) tone, the Fed also noted in its statement that a moderation in the pace of asset purchases (i.e., tapering) "may soon be warranted.” Furthermore, the term “transitory” regarding inflation was used much less often across all the comments made by both parties.