Mutual of America in the News
Content and commentary featuring Mutual of America and our people.
5/2/255
The following articles about the April U.S. jobs report included commentary by Joe Gaffoglio, CEO and President of Mutual of America Capital Management LLC, on the labor market, economy, tariffs and interest rates.
Politico
‘Just getting started': Trump touts surprising jobs report amid tariff turmoil
Kiplinger
Strong April Jobs Report Lowers Rate-Cut Hopes: What the Experts Are Saying
The Street
April jobs report shows modest hiring slowdown but still solid labor market
The Hill
US adds 177,000 jobs in April, holding sturdy amid tariff fears
Young and the Invested
April Jobs Report: Growth Slows, But Better Than Expected
4/4/25
Joe Gaffoglio, CEO and President of Mutual of America Capital Management LLC, provided commentary on the economy, inflation and interest rates coming out of the March U.S. jobs report.
Kiplinger
Tariff Turmoil Overshadows Strong March Jobs Report: What the Experts Are Saying
TheStreet
March jobs report provides relief, but markets brace for weakness
The Hill
U.S. added 228K jobs in March, jobless rate stays flat
CBS News
Employers added 228,000 new jobs in March, blowing past economists' forecasts
3/19/25
Jerry Tempelman, Vice President of Fixed Income Research at Mutual of America Capital Management LLC, shared insights about declining consumer confidence and spending as the U.S. Federal Reserve’s left interest rates unchanged.
U.S News & World Report
Fed Stays Pat on Interest Rates, Sees Slower Growth and Higher Inflation in 2025
2/12/25
Chris Conway, Executive Vice President and Chief Revenue Officer, highlights key reasons why plan participant rates remain strong among nonprofits and discusses key plan design features that organizations are adding or adopting to encourage participation.
BenefitsPRO
Secure 2.0's auto-enrollment: Driving participation in nonprofit 403(b) retirement plans
2/7/25
The following articles about the January U.S. jobs report included commentary by Joe Gaffoglio, CEO and President of Mutual of America Capital Management LLC, on the labor market, interest rates and consumer confidence.
U.S. News & World Report
Job Gains in January Come in Weaker Than Expected at 143,000
Young and the Invested (WealthUp)
January Jobs Report: Weak Hiring in a Messy Data Month
1/29/25
Joe Gaffoglio, CEO and President of Mutual of America Capital Management LLC, provided commentary for the following news outlets relating to the Federal Reserve’s announcement about interest rates, the economy and inflation.
The Hill
Fed holds rates steady as Trump tarrifs loom, economy hums
CBS News
Federal Reserve holds interest rates steady as inflation remains above 2%
1/6/25
Wealth Management
2025 Market Outlook - Navigating a New Era for the Economy
Joe Gaffoglio, CEO and President of Mutual of America Capital Management LLC explores key factors that affected the U.S. financial markets and economy in 2024, including the impact of inflation on consumers, and highlights some issues investors should keep an eye on in 2025.
10/4/24
In these articles, Joe Gaffoglio, President and CEO of Mutual of America Capital Management LLC, comments on how the September U.S. jobs report underscores a generally strong economy with low unemployment and moderate wage growth for workers.
Kiplinger
Strong September Jobs Report Puts Soft Landing in Sight: What the Experts Are Saying
Bloomberg (syndicated by InvestmentNews)
Treasury yields rise in wake of blowout jobs data
WealthUp
September Jobs Report: Big Payrolls Beat Buoys Soft Landing Hopes
8/16/24
Wealth Management
U.S. Economy and Financial Markets Resilient
Mutual of America Chairman and CEO Stephen Rich revisits the U.S. financial markets and economy from the first half of 2024 and looks at what might happen in the months ahead.
7/7/24
MarketWatch (syndicated by Morningstar)
This week's U.S. inflation report could have serious implications for stocks
In an interview with MarketWatch, Joe Gaffoglio, President of Mutual of America Capital Management LLC, weighed in on how the U.S. inflation report scheduled for July 11 might impact the financial markets and future interest rate cuts.
7/5/24
Joe Gaffoglio, President of Mutual of America Capital Management LLC, offered insights on continued labor market resiliency and wage growth despite a slightly higher unemployment rate and sticky inflation.
Kiplinger
Softer June Jobs Report Raises Rate-Cut Bets
WealthUp
June Jobs Report: Yet Again, Payrolls Strong But Not Overwhelming
CNN Business
US jobs report shows a steady slowdown in the labor market
6/12/24
In these articles, Chairman and CEO of Mutual of America Capital Management LLC Stephen Rich weighs in on the Federal Reserve’s recent decision to delay interest rate cuts and what it may mean for the financial health of consumers in the coming months.
U.S. News & World Report
Fed Holds Interest Rates Steady, Signals Only 1 Cut in 2024
CNN Business
What investors expect from the inflation report and Fed meeting
CBS News
The Federal Reserve is about to make another interest rate decision. What are the odds of a cut?
6/7/24
Joe Gaffoglio, President of Mutual of America Capital Management LLC, comments on wage growth, the strength of the labor market and the continued pressure consumers are feeling from inflation and high interest rates.
Kiplinger
May's Jobs Growth Blows Past Forecast: What the Experts Are saying
The Hill
US adds 272,000 jobs in May, blowing past expectations
WealthUp
May Jobs Report: Payrolls, Wage Beats Pour Cold Water on July Rate Cut
Bloomberg
Treasury Yields Spike and Stocks Fall After Jobs: Market Wrap
5/23/24
InvestmentNews
Should financial advisors be worried about Uncle Sam's debt problem?
Stephen Rich, Chairman and CEO of Mutual of America Capital Management LLC, weighs in on the U.S. national debt and potential impact of higher interest rate payments on the credit worthiness of the U.S. government.
5/22/24
InvestmentNews
Here's what to buy when interest rates remain higher-for-longer
In this interview, Stephen Rich, Chairman and CEO of Mutual of America Capital Management LLC, sits down with InvestmentNews anchor Gregg Greenberg to discuss factors impacting the financial markets, provide insights about target-date funds and highlight what investors need to keep an eye on in the months ahead.
5/3/24
In these articles, Mutual of America Capital Management LLC President Joe Gaffoglio explores what the slower April jobs report signals regarding the impact that high interest rates are having on the labor market, as well as on inflation and consumers.
Barron’s
Stock Futures Surge as Jobs Growth Slows in April
TheStreet
Jobs report shows marked April slowdown, prompting Fed rate-cut bets
The Hill
US economy adds 175k jobs in April, falling short of expectations
WealthUp
April Jobs Report: “Goldilocks Could Be Making a Comeback”
4/25/24
Stephen Rich, Chairman and CEO of Mutual of America Capital Management LLC, provides insights on the U.S. economy’s continued resilience despite sticky inflation and a weak GDP reading for the first quarter of 2024.
Business Insider
The US economy started the year much slower than expected
WealthUp
Q1 GDP Comes Back Down to Earth, Experts Mixed on Fed Impact
Reuters
Tepid US data hits stocks, lifts Treasury yields to over 5-month high | Reuters
4/5/24
Joe Gaffoglio, President of Mutual of America Capital Management LLC, provided key insights about the strong job market, along with commentary on interest rates and the continued impact of inflation on the economy and consumers.
Kiplinger
March Jobs Growth Blows Past Estimates: What the Experts Are Saying
The Hill
US adds 303K jobs in March, again beating expectations
WealthUp
March Jobs Report: U.S. Employment Remains Resilient
International Business Times
March's Jobs Report: The Three Numbers That Should Matter The Most For The Fed And Wall Street
3/14/24
InvestmentNews
Lipper awards celebrate strong year for mutual fund industry
Mutual of America Capital Management’s MoA Funds won 10 2024 LSEG Lipper Fund Awards for best-in-class mixed-asset target-date funds and was also recognized as best overall small firm in the U.S. Group Award mixed-assets category.
2/2/24
In these articles, Joe Gaffoglio, President of Mutual of America Capital Management LLC, delivers insights on the continued resilience of job growth and the economy in the U.S.
Kiplinger
January Jobs Growth Comes In Hot: What the Experts Are Saying
CBS MoneyWatch
Employers added 353,000 jobs in January, blowing past forcasts
WealthUp
Experts: Red-Hot January Jobs Report Likely to Stay the Fed's Hand
1/30/24
U.S. News & World Report
Consumers Are Getting Happier by the Minute as Confidence Reaches 2-Year High
Stephen Rich, Chairman and CEO of Mutual of America Capital Management LLC, weighs in on the strength of the U.S. economy and diminished risk of a recession.
1/8/24
Wealth Management
Economy Remains Resilient Amid Challenges
Key factors that affected the U.S. financial markets and economy in 2023, and issues investors should keep an eye on in 2024, are covered by Stephen Rich, Chairman and CEO of Mutual of America Capital Management LLC.
1/5/24
In these articles, Stephen Rich, Chairman and CEO of Mutual of America Capital Management LLC, provides insights on the continued positive job growth and resilience of the U.S. economy.
The Hill
Surprise jobs data gives boost to Biden
WealthUp
December Jobs Report Better Than Expected, But Experts' Views Remain Mixed
12/12/23
Kiplinger
November CPI Report: What the Experts Are Saying About Inflation
In this article, Joseph Gaffoglio, President of Mutual of America Capital Management LLC, notes that, although inflation is easing, interest rates are likely to remain elevated well into 2024 due to the strong jobs market, among other factors.
12/8/23
Stephen Rich, Chairman and CEO of Mutual of America Capital Management LLC, weighed in for the following articles on the continued positive job growth and low unemployment, as well as on Fed decisions and challenges facing consumers in the months ahead.
U.S. News & World Report
November Jobs Come in Hotter Than Forecast at 199k, as Unemployment Rate Falls
The Street
Jobs report surprise shows solid November hires as unemployment eases to 3.7%
WealthUp
Experts: November Jobs Report Tempers Fed-Cut Expectations
The Messenger
Unemployment Rate Falls in November as Autoworkers Return to Assembly Lines
11/28/23
LICONY Quarterly
An Interview with LICONY Board Member Jason D'Angelo
Jason D’Angelo, Executive Vice President and General Counsel at Mutual of America, who serves on the Life Insurance Council of New York’s Board of Directors, talks about the honor of being appointed to its Executive Committee, the shared values of the two organizations, the impact that both make on New Yorkers, and more.
11/3/23
In these articles, Stephen Rich, Chairman and CEO of Mutual of America Capital Management LLC, shares insights on how the continuing low unemployment rate, in spite of October’s cooler jobs report, could impact Fed interest rate decisions.
CNN Business
The latest on markets, the jobs report and the economy
WealthUp
Experts: Weak October Jobs Report a Major Signal to Fed
The Messenger
Jobs Market Chills in October as US Economy Softens
Substack - Rational Exuberance
Soft landing? Or the softest landing?
11/1/23
The Messenger
Fed Holds Interest Rate Steady as Policymakers Assess Economy
Joseph Gaffoglio, President of Mutual of America Capital Management LLC, shared key insights on the current interest-rate environment and risks to the economy and financial markets in the months ahead.
9/25/23
Profile Magazine
Tara Favors Helps Mutual of America Understand Its Potential
Tara Favors, Executive Vice President and Chief HR Officer, offers insights on driving transformation throughout her career, including at Mutual of America, by elevating diverse voices and being a role model.
9/20/23
U.S. News & World Report
Fed Leaves Interest Rates Unchanged While Acknowledging a Stronger Economy
This article, featuring commentary by Joseph Gaffoglio, President of Mutual of America Capital Management LLC, looks at the U.S. Federal Reserve’s decision to leave interest rates unchanged amidst a strong economy.
9/20/23
CBS News MoneyWatch
Federal Reserve pauses interest rate hikes - for now
Joseph Gaffoglio, President of Mutual of America Capital Management LLC, provides insight on the potential for future interest rate hikes.
9/1/23
Barron's
Stocks Are Rising. Jobs Growth Was Stronger Than Expected.
Joseph Gaffoglio, President of Mutual of America Capital Management LLC, provided important commentary about the resilience of the U.S. job market and outlook for the financial markets.
8/17/23
Wealth Management
Inflation Eases, Volatility Persists
In this article, Stephen Rich, Chairman and CEO of Mutual of America Capital Management LLC, explores the ongoing impact of inflation and Federal Reserve interest rate hikes on the U.S. financial markets and economy.
8/4/23
CBS News
Employers add 187,000 jobs as hiring remains solid
Stephen Rich, Chairman and CEO of Mutual of America Capital Management LLC, provides commentary for this article that discusses the implications of the slower job growth revealed by the July U.S. jobs report.
8/4/23
The Guardian
Hopes of 'soft landing' as US jobs growth slows: UK economy caught 'in low-growth trap'
This content, including commentary from Chairman and CEO of Mutual of America Capital Management LLC Stephen Rich, offers insights on the softer U.S. jobs report for July and what it might mean for the economy.
7/25/23
Chief Investment Officer
What Could Make the Fed Continue Tightening?
This article, featuring commentary by Stephen Rich, Chairman and CEO of Mutual of America Capital Management LLC, examines how housing price increases may prompt the Fed to consider additional rate hikes in 2023.
2/8/23
People and Performance Podcast
Improving Employee Performance in Financial Services
In this podcast, Mutual of America Executive Vice President and Chief HR Officer Tara Favors offers insights on a range of topics, including ways HR can help shape workplace culture, support business growth, drive employee engagement and promote diversity.
1/11/23
Wealth Management
Economic Perspective: Inflation’s Impact Continues into 2023
In this article written for Wealth Management’s 2023 Market Outlook, Stephen Rich, Chairman and CEO of Mutual of America Capital Management LLC, highlights issues that affected the U.S. financial markets and economy during 2022 and explores what may happen in 2023.
9/1/22
HR Magazine
How to Chart a Path to the C-Suite
Mutual of America Executive Vice President and Chief HR Officer Tara Favors shares insights about career skills and knowledge gained and needed en route to the C-suite.
8/16/22
WealthManagement
Midyear Economic Perspective: Volatility and Uncertainty Reign
Mutual of America Capital Management LLC Chairman and CEO Stephen Rich revisits the U.S. financial markets and economy from the first half of 2022 and looks at what might happen in the months ahead.
8/2/22
HRChat
HRChat Podcast with Tara Favors
Mutual of America Executive Vice President and Chief HR Officer Tara Favors and host Bill Banham discuss HR issues such as pay equity; attracting and retaining employees; and diversity, equity and inclusion.
7/19/22
Savoy Magazine
Shaping Your Career with the Five “Cs”
Mutual of America Executive Vice President and Chief HR Officer Tara Favors shares insights and tips on ways that early-career professionals can advance their careers.
Media Contacts
For requests for interviews or commentary, media assets, or any other media inquiries, accredited media can contact us at: media@mutualofamerica.com
You should consider the investment objectives, risks, and charges and expenses of the investment funds and, if applicable, the variable annuity contract, carefully before investing. This and other information is contained in the funds' prospectuses and summary prospectuses and the contract prospectus or brochure, if applicable, which can be obtained by calling 800.468.3785 or visiting mutualofamerica.com. Read them carefully before investing.
Mutual of America's group and individual retirement products that are variable annuity contracts are suitable for long-term investing, particularly for retirement savings. The value of a variable annuity contract will fluctuate depending on the performance of the Separate Account investment options you choose. Upon redemption, you could receive more or less than the principal amount invested. A variable annuity contract provides no additional tax-deferred treatment of benefits beyond the treatment provided to any qualified retirement plan or IRA by applicable tax law. You should consider a variable annuity contract's other features before making a decision.
The views expressed by Mutual of America employees in the content available in the Newsroom section are subject to change at any time based on market and other conditions and should not be construed as a recommendation. This content may contain forward-looking statements, which speak only as of the date they were made and involve risks and uncertainties that could cause actual results to differ materially from those expressed herein. Readers are cautioned not to rely on our forward-looking statements. This content is for informational purposes only and not intended to be investment advice.
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