Week in Review: August 28, 2015 - Gainesville Coins News
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Week in Review: August 28, 2015

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Week in Review: August 28, 2015
  • U.S. stock indices suffer their worst single-day losses in over 6 years this week, following slumping Chinese shares lower.
  • After tumbling back to multi-year lows over the summer, crude oil prices jump over 10% on Thursday, their best single-day gains in 6 years.
  • Federal Reserve Chairwoman Janet Yellen doesn't attend the annual Fed conference in Jackson Hole, Wyoming. Other Fed branch presidents offered mixed evaluations about the risks and benefits of hiking interest rates sometime in 2015, though most expect the central bank to remain dovish on rates.
  • After surging as high at $1.16 earlier this week, the euro slides back to $1.12 against the dollar. The Greenback advances 2.8% on the week.
  • Second-quarter data showed that the Greek economy actually expanded during Q2, defying expectations. GDP grew 0.9% during the 3-month period for its fastest annual growth rate in 7 years.

About the Author

Everett Millman

Everett Millman

Analyst, Commodities and Finance
Managing Editor

Everett has been the head content writer and market analyst at Gainesville Coins since 2013. He has a background in History and is deeply interested in how gold and silver have historically fit into the financial system.

In addition to blogging, Everett's work has been featured in CoinWeek, Advisor Perspectives, Wealth Management, Activist Post, and has been referenced by the Washington Post.

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