| Our PureVest Weekly Roundup looked at the Federal Reserve’s rate cut from Wednesday and their comments from the meeting. Powell reiterated that rate cuts will be gradual and that we should not be surprised if we see fewer cuts in 2025 than previous expectations. Our thoughts have been…With a strong economy, do rates need to be cut much? Congress continues to scramble to reach an agreement on a spending deal. On Friday, inflation numbers came in better than expected. Existing-home sales rose in November at their quickest pace in over 3 years. Enjoy the light reading, and have a great holiday with your families. |
| Markets & Economy: The Federal Reserve lowers interest rates again — but hints at fewer cuts next year source:www.npr.org Government shutdown live updates: Congress scrambles to reach spending deal before Saturday source:www.nbcnews.com The Fed’s Favorite Measure Of Inflation Was Surprisingly Tame In November source:www.investopedia.com Existing-Home Sales Elevated 4.8% in November; Post Strongest Year-Over-Year Increase Since June 2021 source:www.nar.realtor.com Nike CEO Elliott Hill outlines new strategy after retailer blames promotions for declining revenue and profit source:www.cnbc.com What the top 75 college sports programs are worth source:www.cnbc.com |
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