Weekly Roundup 6/17/22

In this week’s installment of our PureVest Weekly Roundup we take a look at the Federal Reserves’ largest rate hike in nearly 30 years as they try to fight inflation.  Despite higher prices, Summer travel demand is expected to soar.  Mortgage rates jumped for another week as the 30-year fixed now averages 6.28% nationwide.  For those who are looking for opportunities in this market we added an article with some basics about Index investing.  Most importantly, we want to recognize all the dad’s and wish them a HAPPY FATHER’S DAY.   Enjoy the light reading and have a great weekend!

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Markets & Economy:

Federal Reserve raises interest rates by 0.75%, most since 1994, amid effort to slow inflation
source: www.yahoofinance.com

Summer travel demand likely to soar following relaxed US COVID-19 test mandate

source: www.thepointsguy.com

Bank of England hikes rates for the fifth time in a row
source: www.cnbc.com

30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago
source: www.cnbc.com

Netflix’s binge-release model is under new scrutiny
source: www.cnbc.com

Education: 

What Is an Index Fund?

source: www.investopedia.com 

Just For Fun:

Top 10 Tips for Excellent Summer Grilling

source: www.foodnetwork.com 

We also want to wish all the dad’s out there a very HAPPY FATHER’S DAY!!  We hope you enjoy your day.

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