Greetings,
The United States: To begin, home prices are declining on a month-over-month basis for the first time in a decade.
ANZ, Deutsche Bank, and several other research groups see the terminal federal funds rate closer to 5%, which is needed to kick rates into restrictive territory.
Equities: Here is how equity factors are correlated with financial conditions.
Canada: The last BoC rate hike is coming in October, according to Oxford Economics. But mortgage rates will stay elevated.
Emerging Markets: Sovereign bond spreads for high-yield borrowers have surpassed pandemic highs.
Global Developments: It’s been a rough year for government bonds.
Japan: The headline inflation surprised to the upside, hitting 3% in August.
Food for Thought: To conclude, here is how much smart home product users trust their technology:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
