In this week’s installment of our PureVest Weekly Roundup, we looked at the July reading on retail sales which showed a resilient consumer. The recap of the Federal Reserves’ July meeting was released on Wednesday and showed that they lowered the odds of a large rate hike in September. Home sales fell 6% in July, but the average sale price remained near a record. We followed up with 2 opinionated articles… A former Goldman Sachs chairman laid out the reasons that the recession fears may be overblown; and a strategist from LPL lays out the case that the new bull market has started. We finished with some info on the increase in Social Security benefits that nearly 70 million Americans will be getting. Enjoy the light reading and have a great weekend!
Markets & Economy:
U.S. retail sales flat on gasoline price drop; consumer spending resilient
source:www.yahoo.com
Federal Reserve Meeting Minutes Trim Big Rate-Hike Odds
source:www.investor.com
Home sales fell nearly 6% in July
source:www.cnbc.com
GM to reinstate quarterly dividend and increase share buyback program to $5 billion
source:www.cnbc.com
Holes In The Recession Story
source: www.fa-mag.com
source: www.fa-mag.com
Home Depot and Lowe’s cite strong demand in earnings reports, but softening could be ahead
source: www.cnbc.com
Education:
What Is a Cost-of-Living Adjustment (COLA)?
source: www.investopedia.com
How much will the COLA amount be for 2022 and when will I receive it?
source: www.ssa.gov