To help our clients create a "Quality Life Plan" allowing them to plan and control their financial future.
Financial and Economic Brief - March 25th, 2015
• The Fed’s Balance Sheet - Last week the Fed reported net income of $101.3 billion and had nearly $4.5 trillion in assets at the end of 2014.
• Unlocking Aid - German Chancellor Angela Merkel is meeting with the Greek Prime Minister Alexis Tsipras as the Greek government waits for another payment deadline this week.
• Oil Prices Down - Oil prices declined on Monday to $55 a barrel. Saudi Arabia recently indicated it was now pumping near 10 million barrels per day.
Financial and Economic Brief - March 18th, 2015
• Russian Economy Suffering - Russia's central bank cut interest rates by 1% to 14% on Friday and lowered its economic growth forecast.
• U.S. Interest Rate Hike on Horizon? - The Federal Reserve is meeting this week and is expected to “set the stage” for its first interest rate hike since 2006.
• Manufacturing Down in February - U.S. manufacturing output fell 0.2% in February for the third month in a row.
Financial & Economic Brief - March 11th, 2015
• ECB Starts QE - The European Central Bank started buying government bonds under its expanded quantitative-easing plan designed to boost price growth.
• Jobs Number Higher - The U.S. economy added 295,000 jobs in February, which greatly exceeded economist expectations.
• Credit Information Overhaul - The three biggest companies that collect and disseminate credit information will change the way they handle errors and list unpaid medical bills.
Financial & Economic Brief - March 4th, 2015
• European Economic Growth - The European economy picked up in the fourth quarter of 2014, with the German economy expanding 0.7%, twice as much as forecast.
• Ukraine's New Deal - Christine Lagarde, managing director of the International Monetary Fund, announced a new $40 billion bailout package to help stabilize Ukraine's economy.
• Oil Prices Rise - Oil rose above $60 a barrel, almost 4%, for the first time in 2015, reinforced by deeper spending cuts in the industry that may be helping to control excess supply.
Financial & Economic Brief - February 25th, 2015
• Gold Weakens - Gold bullion is weakening because of the rising dollar which traded at its highest level in the last decade and record valuations for global equities.
• New Deal for Greece - A new deal was struck last week to keep Greece “safely in the euro” while it builds a long-term recovery plan.
• U.S. Home Sales Fall - According to The National Association of Realtors existing home sales declined 4.9%, the lowest level since April.
Financial & Economic Brief - February 11th, 2015
• Tsipras Too Ambitious? - European leaders want Greek Prime Minister to “pare back” his objective of reversing the austerity measures that were put into place as a condition of Greece’s bailout.
• Job Growth Best Since 1999 - In January, the U.S. economy added 257,000 jobs, which beat expectations and was the best for job growth since 1999.
• U.S. Stocks Down - U.S. stocks fell a bit as investors contemplated the tensions over Greek debt talks and disappointing Chinese economic data.
Gateway Financial Advisors Inc.
Walnut Creek, CA 94596