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Noticias Financieras – UP2DATE News de Advise Financial
6 de June de 2024
Noticias Financieras – UP2DATE News de Advise Financial
13 de June de 2024
Noticias Financieras – UP2DATE News de Advise Financial
6 de June de 2024
Noticias Financieras – UP2DATE News de Advise Financial
13 de June de 2024

Financial News – UP2DATE News from Advise Financial

In UP2DATE News you will find the main Financial and Economic News for the week ending June 13, 2024.


US PPI fell the most since October

Producer prices in the US unexpectedly declined by 0.2% in May, marking the largest drop in 7 months. This decrease further supports the Fed's belief that inflation is moderating.

Source: Bloomberg

FED holds interest rates steady

Fed decided to maintain interest rates at 5.25%-5.50% despite decreasing inflation. They revised down their projection for rate cuts in 2024 but indicated at least one later in the year.

Source: CNBC

Huge surge in demand for Mortgage Applications

Mortgage rates dropped last week, increasing application volume by 16%. Applications to refinance a home loan surged 28%.

Source: CNBC

US Jobless Claims Rise to a 9 Months high

US jobless claims rose to 242,000, the highest in 9 months, with California leading. Unemployment rate climbed to 4% as more reentered the workforce but faced challenges finding employment.

Source: Bloomberg

The U.S. added 500,000 new millionaires

The US led global millionaire growth in 2023, adding 7.43 million with $26.1 trillion in wealth. Globally, millionaires grew 5.1% to 22.8 million, with Asia-Pacific the second fastest growing region.

Source: CNBC

Ether ETF Could Get Approved This Summer

SEC Chair Gensler expects final approval for Ether ETFs this summer. The go-ahead hinges on issuer registration and quality of investor disclosures. This follows the January approval of spot Bitcoin ETFs.

Source: Bloomberg

Note: does not represent advice or offer of services, only for educational purposes.

Alonso Rodríguez Segarra
Alonso Rodríguez Segarra
Founder & CEO Advise Financial advise-financial.com Alonso Rodriguez Segarra is a “CERTIFIED FINANCIAL PLANNER™” named by Investopedia among the Top 100 Financial Advisors in the USA  with more than 20 years of experience. His specialty is helping those people who want to plan for their retirement or optimize their retirement, with Hourly Financial Planning always looking for the best for his clients, under fiduciary criteria.

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