The Week in Review from Valeo Financial Advisors (June 19, 2015)
U.S. Economy
- Rising gas prices cause the largest increase in consumer prices in two years. Reuters
- Jobless claims decrease to lowest point in 15 years. USA Today
- Home prices return to normal as the housing market continues to stabilize. NY Times
- New housing starts fall slightly, but future building permits near eight year high. CNBC
- Consumer Comfort Index increases for the first time in nine weeks. Bloomberg
- Industrial production fell in May as manufacturing stagnates USA Today
Around the World
- IMF warns Greece that it will not be given a grace period if it does not meet the June 30 payment deadline. Bloomberg
- Debt relief for foreign countries may increase economic growth when given with conditions. Economist
- Poor growth in China’s property market poses risk to the Chinese economy. CNBC
Personal Finance