Investment Updates
News Affecting Your Wealth Dominated The Headlines This Past Week
Published Friday, November 3, 2017 at: 7:00 AM EDT
News affecting your wealth dominated the headlines this past week. Here's a recap. The House of Representatives released details of a proposal revising the U.S Tax Code substantially. Jerome Powell was nominated by President Trump to replace the current Fed chair, Janet Yellen. The unemployment rate dropped to 4.1% in October, the lowest since December 2000. A surprising burst in productivity occurred last quarter, offsetting rising benefits and wages. The Standard & Poor's 500 closed at an all-time high for the second week in a row.
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