| We saw key Macro headlines and earnings announcements this week. Our PureVest Weekly Roundup looked at Trump’s reaction to the Federal Reserve’s decision to keep interest rates unchanged on Wednesday. We saw further progress on the inflation front; core inflation was up .2% in December, and personal incomes rose .4%. The U.S. economy grew at a solid 2.8% pace for 2024. On the earnings front… Big oil had missed numbers, luxury goods maker LVMH issued positive guidance, and big tech reported solid. The S&P and Nasdaq look to close out January up over 3% in a solid start for equities in 2025. Enjoy the light reading, and have a great weekend. |
| Markets & Economy: Trump slams Fed after decision to hold interest rates steady source:cnbc.com U.S. economy ends 2024 with solid growth, up 2.8 percent for full year source:www.pbs.org Key Fed measure shows core inflation at 2.8%, in line with expectations source:www.cnbc.om LVMH watch and jewelry CEOs see luxury sales picking up in 2025 source:www.cnbc.com Exxon Mobil, Chevron See Another Earnings Dip In Q4 But Report Production Increases source:investors.com Microsoft, Meta back big AI spending despite DeepSeek’s low costs source:www.reuters.com Apple Beats Earnings Target On Services Lift, But iPhone Sales Decline source:www.investors.com |