The Week in Review from Valeo Financial Advisors (March 6, 2015)
U.S. Economy
- The U.S. added 295,000 jobs in February, exceeding expectations CNBC
- Unemployment is at the lowest level in seven years CNN Money
- Some Fed officials think the U.S. economy is already at full employment The Wall Street Journal
- Consumer credit expanded in January, but credit card debt fell The Wall Street Journal
- U.S. manufacturing expanded last month MarketWatch
- U.S. gas pump prices rising five times faster than crude oil Bloomberg
Around the World
- The dollar has reached an 11-year high relative to the Euro Fortune
- The European Central Bank provided details of the government bond buying program, which will begin next week The New York Times
- Greece’s Economy: Running on Empty The Economist
- China lowered its growth target from 7.5% to 7.0% for 2015 Reuters