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:
source: www.investopedia.com
Just For Fun:
Top 10 Tips for Excellent Summer Grilling
source: www.foodnetwork.com