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United Kingdom: Despite some growth headwinds, the BoE tilted more hawkish this week. The central bank is signaling a rate hike in the “medium term.” The BoE’s statement follows the Fed’s hawkish dot-plot and taper announcement a day earlier.
United States: The fiscal stimulus helped.
Eurozone: Growth in business activity slowed sharply, surprising to the downside.
Japan: Inflation was lower than expected in August.
Equities: The average holding period of stocks has decreased over the years (globally).
Food for Thought: US new college graduates’ diverging incomes:
Edited by Devon Lall
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