The Week in Review from Valeo Financial Advisors (December 18, 2015)
U.S. Economy
- The U.S. central bank raised its key interest rate for the first time in over nine years CNN Money
- Housing starts and permits in the U.S. the strongest in seven years Bloomberg
- Initial jobless claims remain historically low CNBC
Around the World
- Oil prices continue to fall The Street
- The Bank of Japan announced further measures to boost the nations growth International Business Times
- Puerto Rico Utility and bondholders continue to try and work out a deal to avoid default The New York Times
Personal Finance
- Retirement advice for the millennial generation just starting their careers Vanguard Blog
- The pros and cons of automatic payments The New York Times
- What higher interest rates may mean for consumers USA Today