The Week in Review from Valeo Financial Advisors (October 31, 2014)
U.S. Economy
- The U.S. economy grew at annual pace of 3.5% during the third quarter The Washington Post
- For the 29th month in a row, inflation in the U.S. comes in below the 2% target set by the Federal Reserve The Wall Street Journal
- Consumer spending fell in September as the savings rate increased CNBC
- Gas prices are below $3 a gallon through much of the U.S. as crude oil continues to fall in price USA Today
Central Banking Around the Globe
- As the U.S. Federal Reserve ended its third stimulus plan The New York Times
- … The Bank of Japan upped its latest stimulus plan to $80 trillion Yen Bloomberg
- … and the European Central Bank, to date, has restrained CNBC