Our PureVest Weekly Roundup looked at January’s latest inflation reports, which showed a surprising jump. Despite one month of higher inflation readings, the Fed remains on track to lower rates later this year as the overall inflation trend remains down. Understanding when your full retirement age to collect social security is crucial as it’s a different age for everyone. We added an overview of what you need to know and how delaying when you claim your benefits impacts your monthly payments. Bitcoins’ market cap topped $1 trillion after the cryptocurrency hit a 2-year high. The Secure Act 2.0’s rule on 529 to ROTH IRA rollovers is now in effect; make sure you know all the details before thinking of doing a rollover. Mortgage rates spiked to a 10-week high while CEO confidence in the US economy reached a 2-year high. Enjoy the light reading, and have a great weekend.
Markets & Economy:
January 2024 CPI report: Inflation ticks up in unwelcome surprise
source:www.jpmorgan.com
Fed still on track even if inflation’s path down is bumpy
source:www.reuteres.com
As more Americans reach 65 than ever, here’s what to know about your Social Security retirement age
source:www.cnbc.com
Bitcoin regains $1 trillion market cap as the cryptocurrency hits over two-year high
source:www.cnbc.com
529-to-Roth IRA Rollovers: What to Know
source:www.charlesschwab.com
DraftKings posts 44% revenue growth and narrowing losses, but falls short of estimates
source:www.cnbc.com
Average long-term US mortgage rate rose this week to 6.77%, highest level in 10 weeks
source:www.apnews.com
CEO Confidence in the US Economy is at a Two-Year High
source:www.investopedia.com
Education:
source:www.investopedia.com