United States: The Federal Reserve will continue with its stimulus measures and expects to keep rates near zero through 2022. Changes in the FOMC statements:
Treasuries rallied in response to the Fed’s zero-rate forecast.
Europe: Home prices in the UK are expected to decline, according to the latest RICS report.
China: Bond issuance remains strong.
Equities: The options market shows some nervousness about the November elections.
Global Developments: The US economic data momentum has been the first to bounce from the lows (before Asia-Pacific and the Eurozone).
Food For Thought: US birth rates by mother’s age:
Edited by Daniel Moskovits
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