The United States: As expected, the Federal Reserve will begin the long-awaited balance sheet unwind next month. But to the surprise of some economists, the central bank also appears to be on target to raise rates in December. The futures-based probability of a December rate hike jumped in response to the FOMC announcement.
Below is the breakdown and the forecasts of medical care CPI
Existing home sales dipped again, missing economists’ forecasts. Affordability is becoming more of an issue.
Credit: This year we had quite a few large leveraged loan transactions.
Equity Markets: The market shrugged off a more hawkish stance from the Fed, with VIX closing below 10 again. Amazing.
UK: The market is now pricing in two rate hikes over the next year.
Asia/Pacific: China’s insurance firms are loading up on alternative investments.
Emerging Markets: Short-term bond yields in Russia and Brazil continue to tumble amid expectations of further rate cuts in both countries.
The Eurozone: This chart shows unit labor cost for the largest Eurozone economies since 1999. Germany remains competitive.
Food for Thought: This chart shows health insurance premium inflation which has been outpacing the CPI and wages.
Edited by Josh Marte
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