Our PureVest Weekly Roundup looked at the latest inflation numbers, which showed that it continued to moderate in November. On Wednesday, Jerome Powell and the Federal Reserve hiked interest rates by a half-point. They signaled that more hikes are on the way, but the end of the rate hiking cycle may be near. The European Central Bank also hiked rates and signaled a similar view as our Federal Reserve. Retail Sales fell in November, and Zillow’s home value index showed home prices across the country increased by an average of 12.3% year over year. Our latest PureVest Blog post gives the rundown on RMDs. Lastly, we added an article explaining what dollar-cost averaging is. Enjoy the light reading, and have a great weekend!
Markets & Economy:
Consumer prices rose less than expected in November, up 7.1% from a year ago
source:www.cnbc.com
Fed raises key rate by half-point and signals more to come
source:www,apnews.com
Retail sales fell 0.6% in November
source:www.cnbc.com
ECB slows rate hikes but pledges more to keep up inflation fight
source:www.reuters.com
Zillow Home Value Index: November Update
source: www.advisorperspectives.com
SEC reiterates decision to reject Grayscale bitcoin spot ETF
source: www.foxbusiness.com
PureVest Blog Post: RMDs… What You Need To Know
source: www.PureVest.net
Education:
What Is Dollar-Cost Averaging?
source: www.investopedia.com