Valeo News

• Valeo Earns Financial Planning’s 2014 Team Pro Bono Award Financial Planning and Valeo Financial Advisors

 U.S. Economy

• The U.S. economy grew by an annualized rate of 4.2% during the second quarter after contracting by 2.1% in the first quarter Reuters
• U.S. consumer spending declined in July CNBC
• Prices of U.S. homes rose at a slower pace in June Fortune
• Consumer confidence in the U.S. reached the highest level since October 2007  according to the Conference Board’s monthly report Bloomberg

 Around the World

• Inflation in the Eurozone fell to a five year low. Year over year inflation increased by only 0.3% in August The New York Times
• As the Eurozone begins to stagnate, will the central bank stimulate? Reuters UK
• Japan’s economy continues to struggle as household spending fell 5.9% in July from a year earlier and industrial output remains weak The Wall Street Journal