The Week in Review from Valeo Financial Advisors (August 30, 2013)
U.S. Economy
- How the U.S. economy has fared since the end of Great Recession Valeo Financial Advisors
- Personal income increased by $14.1 billion in July, a 0.1% increase, meeting estimates Bureau of Economic Analysis
- As of August 29, the dollar strengthen based on positive economic indicators and reinforced expectations the Federal Reserve will decrease monetary stimulus measures this year The Wall Street Journal
- The Department of Labor reported that jobless claims decreased by 6,000 last week Yahoo Finance
Housing
- The index of pending home sales decreased by 1.3%in July, suggesting rising mortgage rates are slowing the housing market Bloomberg
- The 30-year fixed mortgage rate was 4.58% as of August 22, the highest level since July 2011 Bloomberg
World Economy
- Germany tops G-7 members with economic growth of an annualized 2.8% The Wall Street Journal
- Key emerging-market central banks may raise interest rates, such as India and Indonesia The Wall Street Journal
Education
- The earnings of recent college graduates have risen at a slower rate than graduates who started working decades ago FRED