The Week in Review from Valeo Financial Advisors (May 1, 2015)
U.S. News
- The U.S. economy grew by a meager annualized 0.2% during the first quarter as weather and low energy prices limited growth Reuters
- Consumer spending in March rose while personal income was flat Bloomberg
- Jobless claims in the U.S. fell to the lowest level in 15 years with only 262,000 initial claims The Wall Street Journal
- The quits rate (number of quits during month divided by number of employees who worked) is climbing. A plus for employment Valeo Financial Advisors
Around the World
- Consumer prices in Europe were flat in March ending a four month bout with deflation Bloomberg
- Greece continues efforts with creditors on bailout talks Bloomberg
- Russia’s inflation rate passes 10 percent Fox News
- The manufacturing Purchasing Manager Index for China remained close to flat in April CNBC
Personal Finance
- The biggest financial hurdles for those in their twenties Daily Finance
- Employer matches in 401k plans have been increasing Bloomberg