The Daily Shot Brief – September 21th, 2017


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

Source: Moody’s Investors Service


Existing home sales dipped again, missing economists’ forecasts. Affordability is becoming more of an issue.

Source: Piper Jaffray


Credit: This year we had quite a few large leveraged loan transactions.

Source: S&P Global Market Intelligence


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.

Source: Credit Suisse


Asia/Pacific: China’s insurance firms are loading up on alternative investments.

Source: Moody’s Investors Service


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.

Source: Goldman Sachs, @joshdigga


Food for Thought: This chart shows health insurance premium inflation which has been outpacing the CPI and wages.

Source: @SteveRattner; Read full article

Edited by Josh Marte

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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen),, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.

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