This week, our PureVest Weekly Roundup looked at the results of the latest Fed meeting, where they kept rates unchanged. They also revised their economic growth expectations for 2023. After 14 straight rate hikes, the Bank of England paused this week in another sign that the global rate hiking cycle is winding down. Yields rose on Thursday to a near 16-year high after jobless claims ticked lower. After nearly 70 years, Rupert Murdoch is stepping down as the head of Fox, and Disney announced a giant theme park expansion plan. Economists expect home prices to rise in 2024 as supply and demand imbalances remain.
We are in a seasonally weak market period, typically followed by a strong period into year’s end. For the long-term investor, this means nothing, but for those who like to follow the latest market trends, read all about seasonality in our Education section.
Enjoy the light reading, and have a great weekend.
Markets & Economy:
Fed declines to hike, but points to rates staying higher for longer, the Fed also sharply revised up its economic growth expectations
source:www.cnbc.com
10-year Treasury yield hits its highest level since 2007 as jobless claims decline
source:www.cnbc.com
Rupert Murdoch steps down as Fox and News Corp. chairman
source:www.cnn.com
Disney Plans $60B Expansion of Theme Parks Business
source:www.hollywoodreporter.com
Bank of England ends run of 14 straight interest rate hikes after cooler-than-expected inflation
source:www.cnbc.com
Home prices are expected to rise in 2024: ‘There are simply not enough homes’ to meet demand, says economist
source:www.cnbc.com
Education:
Seasonality: What It Means in Business and Economics
source:www.investopedia.com
Market Seasonality
source:www.trendspider.com