The United States: The markets saw the concerns about this persistently low inflation by some FOMC members as a dovish sign. Treasury yields and the dollar slumped.
Credit: More investors see corporate debt as overvalued.
Equity Markets: High-frequency trading revenues continue to shrink as market volatility collapses.
Emerging Markets: South Africa’s retail sales surprised to the upside.
The Eurozone: The Eurozone GDP is up 2.1% from the previous year.
China: China’s residents consume too little and save too much relative to the rest of the world.
Energy Markets: Oil prices keep drifting lower.
Global Developments: This chart shows where the various central banks are in their monetary policy stance (on a relative basis).
Food for Thought: Statistics on hate crime.
Edited by Joseph N Cohen
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