| Our new video, “Rate Cuts & Your Money” dives into what might be the biggest headline of 2024: Interest Rate Cuts. We break down what interest rate the Federal Reserve cuts and how it may directly impact you. We also looked at how markets fared in previous rate-cutting cycles. PureVests’ Weekly Roundup looked at the upside surprise in September’s jobs report. This better-than-expected number and tick down in the unemployment rate fuel more chatter about a “soft landing” for the US economy. A prolonged strike at major US ports could have spelled turmoil for our economy; luckily, it ended after just three days. Middle East tensions continue to rise, but the rise in Oil prices remains muted. Auto sales were strong in September, and falling mortgage rates over the past 90 days brought buyers back to the housing market. Even though markets were relatively flat this week, there were a lot of macro headlines that could have moved it in a big way. Overall, I believe we ended the week on a positive note as markets entered the historically strongest quarter for the year in terms of performance. Enjoy the light reading, and have a great weekend! |
Watch our new video, “Rate Cuts & Your Money”
| Markets & Economy: U.S. job creation roared higher in September as payrolls surged by 254,000 source:www.cnbc.com Port strikes end with deal on wages, averting economic disaster source:www.npr.com Tensions are rising in the Middle East, but the rise in oil prices is muted – so far source:www.wusf.org Auto sales rebound and point to strong third-quarter GDP source:www.morningstar.com Falling Mortgage Rates Are Bringing Buyers Back to the Market source:www.investopedia.com After stimulus, China tries to turn stock market frenzy into recovery source:www.washingtonpost.com |