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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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.








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