The Week in Review from Valeo Financial Advisors (January 9, 2015)
U.S. Economy
- The unemployment rate fell to 5.6% in December, the lowest since June 2008. Last year was the strongest job growth in the labor market since 1999. Reuters
- The U.S. dollar has reached the highest level in eleven years relative to a basket of other major currencies. The Wall Street Journal
- The U.S. Federal Reserve minutes, released this week, disclosed differing forecasts by Federal Open Market Committee members expectations regarding the timing of an initial increase in interest rates. Bloomberg
Around the World
- Prices fell year over year in the Eurozone for the first time since October 2009 as deflation arrives. CNBC
- Inflation in China remained near a five year low last month at 1.5%. BBC
Energy
- How $50 Oil Changes Almost Everything Bloomberg
- Brent crude oil prices follow West Texas Intermediate crude oil prices below $50 a barrel, a five and a half year low. BBC
Personal Finance
- Five Steps for Gen Xers Turning 50 The Wall Street Journal
- Retirement readiness: 15%+ salary deferrals are the new 10% for your 401(k) Investment News