In this week’s installment of our PureVest weekly roundup we take a look at the slight downtick in the Fed’s favorite inflation gauge.  We also get a read through of the last FOMC meeting and what they are thinking moving forward.  Bank of America’s CEO said that bank balances still remain above pre-covid levels. There is a good article that dispels the myth of “Sell in May and go AWAY”.  We wrapped it up with 2 articles that relate directly to consumer spending.  Most importantly, enjoy your Memorial Day Weekend and remember those who made the ultimate sacrifice.  Enjoy the light reading and enjoy your holiday! 

Markets & Economy:

 The Fed’s favorite inflation measure rose 4.9% in April in a sign that price increases could be slowing
source:www.cnbc.com

FOMC Minutes: Fed Saw Aggressive Hikes Providing Flexibility Later This Year

source:www.bloomberg.com

Bank balances surged during Covid even as pandemic-era stimulus ended, BofA CEO says
source: www.cnbc.com

Ignore the Old Cliche, ‘Sell in May and Go Away’
source: www.nasdaq.com

Despite investor fears of a margin crunch, Costco overdelivers on earnings — again
source: www.cnbc.com

Why Are Flights So Expensive Right Now?

source: www.thriftytraveler.com 

HAPPY MEMORIAL DAY  

I hope you all enjoy this long holiday weekend with your loved ones.  Make sure you stop for a minute and think about all of our fallen soldiers.  As Americans, we need to always honor and be forever grateful to all the brave men and women who made the ultimate sacrifice for our country.  Not only this weekend…but every day that we get to enjoy the freedom that their selfless service has provided us.