Money Talks – March 28, 2015

This week on “Money Talks,” Dr. Gene and Troy Harmon, CFA, are joined by Jennifer Thomas, CFP®, to discuss the market’s rough week. Economic releases for the week included the Consumer Price Index, New Home Sales and Durable Goods. The experts discuss a case study of a couple who are wondering if they should pay off their mortgage before they retire or if they should refinance and carry a mortgage through retirement. Listener questions on Series EE bonds and railroad transportation company Union Pacific Corp are also answered.

Markets Drop More Than 2% During Rough Week

Dr. Gene and Troy Harmon, CFA, are joined by Jennifer Thomas, CFP®, to discuss the market’s rough week. On both Monday and Tuesday, the markets saw light trading while the Consumer Price Index showed consumer prices increased 0.2% in February. The core CPI, which excludes energy and food, ticked up 0.2%, twice what economists were expecting. Midweek investors showed their concern over the rising dollar. On Friday, Commerce Department data showed the third and final fourth-quarter GDP reading remained at 2.2%, though shy of an expected uptick to 2.4%.  The final University of Michigan’s consumer sentiment index registered a reading of 93, well above the preliminary 91.2, but down from February’s 95.4 reading.