DUBOIS – The City of DuBois’ Uniform Pension Plan is ready to look towards the future.
Zack Vigneault with C S McKee advised area lawmakers that the markets are currently being swayed by heavy AI investments. While that technology could be transformative, it remains costly, unprofitable, and full of unknowns.
He was also concerned with inflation, the Federal Reserve’s next moves, and the direction of the current administration.
“It was a welcome reprieve from the chaos that started at the beginning of the year, from a marketing perspective,“ explained Vigneault. “It was very volatile for those six months. These last three months from July into October was definitely welcomed.”
Ultimately, the markets have been stabilizing, and planners believe the municipality can finally start looking towards the future, including lowering the plan’s discount rate.
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