This week, our PureVest Weekly Roundup focused on some major macroeconomic news. An explanation of exactly what macroeconomic news is can be found in the Education section below. In a speech on Wednesday, Jerome Powell acknowledged that the aggressive rate hikes from this year take time to work through the system; he also signaled that the Fed may slow their pace of tightening as soon as December. Black Friday sales set a new record and the November jobs report topped expectations signaling continued strength in the economy. After hitting a new low for the year, Oil prices rebounded on Friday. Mortgage rates fell again for a third straight week. The macro news from this week was important and can play a big role as we move into 2023. Enjoy the light reading, and have a great weekend!
Markets & Economy:
Fed Chair Powell says smaller interest rate hikes could start in December
source:www.cnbc.com
Biden to sign legislation to avert rail strike
source:wwwnbcnews.com
Black Friday sales top $9 billion in new record
source:www.cnbc.com
November jobs report: Payrolls rise by 263,000, unemployment rate holds at 3.7%
source:www.yahoofinance.com
Bob Iger returns as Disney CEO, replacing Bob Chapek after a brief, tumultuous tenure
source: www.cnbc.com
Oil Prices Rebound Ahead Of Massive Supply Chain Shift
source: www.investors.com
Mortgage rates fall for the third straight week
source: www.aol.com
Education:
How Do I Differentiate Between Micro and Macro Economics
source: www.investopedia.com