Weekly Roundup

In this week’s installment of our PureVest Weekly Roundup we take a look at the Federal Reserves’ largest rate hike in nearly 30 years as they try to fight inflation.  Despite higher prices, Summer travel demand is expected to soar.  Mortgage rates jumped for another week as the 30-year fixed now averages 6.28% nationwide.  For those who are […]

In this week’s installment of our PureVest Weekly Roundup we take a look at everything new Apple announced this week at the World Wide Developer’s Conference. Despite rising food prices; Costco saw a record percentage of customers renew their membership and is now mulling a rate increase. The European Central Bank will be hiking rates next month to

In this week’s installment of our PureVest weekly roundup we take a look at today’s job numbers which came in better than expected.  Walmart and Ford are investing billions of dollars to keep pace with their competition.  Earlier this week the social security administration said that benefits will be able to be paid in full until 2035

In this week’s installment of our PureVest weekly roundup we take a look at the slight downtick in the Fed’s favorite inflation gauge.  We also get a read through of the last FOMC meeting and what they are thinking moving forward.  Bank of America’s CEO said that bank balances still remain above pre-covid levels. There is a

In this week’s installment of our PureVest weekly roundup we take a look at why one economist thinks a recession in 2022 is not in the cards.  One central bank is cutting rates while one is planning to hike this summer.  We also look at just how much high gas prices at the pump are expected to

In this week’s installment of our PureVest weekly roundup we take a look at the 4% rule in retirement; and how much you can spend.  We also look at the most recent inflation data as Jerome Powell was confirmed by the Senate for a second term.  It was a tumultuous week for holders of crypto assets and

In this weeks light reading we talk about payroll growth, rate hikes and more.  Do you know what the CPI is?  Read further to learn more. Markets & Economy: Payroll growth accelerated by 428,000 in April, more than expected as jobs picture stays strongsource: www.cnbc.com Fed raises rates by half a percentage point — the biggest