CoinCircle News: Mercer Consulting said that, due to the decline in U.S. stocks, the estimated funding level of retirement pension plans initiated by companies that are constituents of the S&P 1500 index fell by 1 percentage point in June, dropping to 109%. By the end of June, the estimated total surplus of these plans decreased by $7 billion to $139 billion, while the surplus at the end of May was $146 billion. Matt McDaniel, a partner at Mercer Consulting, said that after the strong May nonfarm payrolls report was released, market speculation suggested the Federal Reserve might raise interest rates later this year, and the stock market was therefore dealt a blow in early June.
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