SoFi Blog

It was a relatively uneventful week as Fed Chair Janet Yellen and Fed Vice Chair Stanley Fischer continued to reiterate the need for a gradual path of rate hikes. Inflation data came roughly in-line with forecasts, which kept ten-year inflation expectations at their highest level since the end of April. Equity and oil prices were up moderately while the euro depreciated against both the dollar and yen.

SnappyScreen is a touchless sunscreen application system. You select your protection level (SPF) and height, step into a booth, and SnappyScreen applies a head-to-toe protective coating in about 10 seconds. The sunscreen is oxybenzone-free, paraben-free, alcohol-free and does not damage your bathing suit. It’s a slick and sought after product—one that can now be found at 4- and 5-star hotels across the U.S., in locations such as Florida, Hawaii, and California, and in such exotic locales as Aruba. Before the final launch, entrepreneurial sisters Kristen McClellan (founder and CEO) and Katelyn McClellan (COO) built several prototypes to refine the product and make the experience smooth and easy.

Discussing finances with your life partner can easily stir emotions, especially when autonomy is thought to be threatened or when one partner makes significantly more money than the other. Financial conversations require finesse and, of course, respect and understanding. And because emotions surrounding money are often tied to fear and can illicit strong reactions, those important conversations are sometimes avoided.

Editor’s Note: The following article on home renovation and budgeting originally appeared on our web partner Houzz’s website. Some of the content has been slightly edited from its original version, and is written from the perspective of a home designer.

Stock prices fell last week in the face of rising interest rates and mixed economic data. The 10-year Treasury yield reached its highest level since early June as the market-derived probability of a Fed hike in December rose. Rising yields pushed the dollar higher against most other currencies, hurting returns in international and emerging market equities. We see bond yields leveling out in the coming weeks and remain constructive on U.S. growth.