The Week in Review from Valeo Financial Advisors (October 10, 2014)
U.S. Economy
- Cheaper oil and a strong American dollar are keeping the Federal Reserve wary of raising interest rates Reuters
- The number of people applying for initial jobless claims has been below 300,000 for four consecutive weeks for the first time since 2006 MarketWatch
Consumer Finance
- Mortgage rates continue to fall USA Today
- Consumer credit grew at the slowest pace since November 2013 The Wall Street Journal
Around the World
- As inflation in the Eurozone approaches zero the European Central Bank has pledged to buy bonds Bloomberg Businessweek
- The International Monetary Fund lowered its global growth forecast despite U.S. growth The Los Angeles Times